Cancellation of India series may cost Pakistan $85 million

[karakoram]

Meh. As long as Pakistan is winning matches who gives a f*ck about these losses. PCB still has a budget of billions.

yeah right and Indians are afraid to play with us dar ka khuf he aisa hai lolz

 

[RoadRunner401]

The Pakistan Cricket Board (PCB) will lose revenues worth approximately $85 million from its long-term broadcasting deal if it fails to host India for a full series over the next three to four years.

A PCB official confirmed that the board was already looking at a estimated loss of around $70 million if India didn’t play the planned series in the UAE in December.

“The situation is such that if during the duration of the four-year broadcasting deal which is worth $145 million if we don’t host India at all than we lose nearly 65 per cent of the total amount which comes to around $85 million,” the official said.

He said apart from this major loss of revenues the PCB had estimated earnings of around $70 million from the planned series with India in December.

“No doubt if India doesn’t confirm the series which we will host it will hit us financially in the long run,” he said.

Another reliable source confirmed that under the agreement with the official broadcaster, the PCB need to host one or two home series against India in the duration of the contract.

“If that doesn’t happen there will be deductions in the total contract amount of $145 million.”

At present the PCB appears to be financially secure as it is said to have cash around $50 million in its kitty in different accounts besides some property and other assets in Lahore and Karachi.

“We have survived inspite of not being able to host a full Test series at home since 2009 because of the share we get from the ICC from participating in ICC events,” the source said.

But he said at the moment another problem which the PCB was facing was to ensure that the much-hyped Pakistan Super League T20 project was not a financial burden on the board’s assets.

“So far things have been difficult for the PSL secretariat because the expectations of big earnings from sale of broadcasting rights have not been realised and secondly lot of money is being spent on maintaining the secretariat and the travel and costs of its employees,” the source said.

He said because of the PSL project the PCB was already paying a 50 per cent extra salary to those employees who were working on this project apart from their routine jobs in the board.

The source said the success of the PSL will depend on how much the board eventually sells its broadcasting rights for and when the title and in stadia rights are bid for and sold on November 9 and 11.

“The sale of rights for franchises will be held on November 18 or 19,” the source added.

Cancellation of India series may cost Pakistan $85 million

That's HUGE!!

Usually its a two way street, whats the loss for Indian cricket board and broadcasters.

 

[Lurch Adams]

Meh. As long as Pakistan is winning matches who gives a f*ck about these losses. PCB still has a budget of billions.

The last reliable figures i could find were for 2013-14, when PCB's budget was $29 million. $85 million is significantly more than that, don't you think?
PCB approves provisional budget for 2013-14 | Cricket | ESPN Cricinfo

 

[Areesh]

The last reliable figures i could find were for 2013-14, when PCB's budget was $29 million. $85 million is significantly more than that, don't you think?
PCB approves provisional budget for 2013-14 | Cricket | ESPN Cricinfo

Even with that PCB is able to meet all its expenses. The central contracts of players are renewed and increased every year. Not a big issue.

yeah right and Indians are afraid to play with us dar ka khuf he aisa hai lolz

But the clowns from supa puwa bharat are happy with 85 million $$ losses of PCB . Choti choti khushiyan of veggies I think.

 

[Raja.Pakistani]

$85 million is freekin huge man another SUPERCO in the making

baniya surely knows how to screw people

Yes baniya are known to play double game. they first say yes and then say no..these baniya are not trustworthy and history repeat itself

 

[FULL_METAL]

Yes baniya are known to play double game. they first say yes and then say no..these baniya are not trustworthy and history repeat itself

indeed, how dare these pesky banias taking mard e momins for a ride

 

[Raja.Pakistani]

indeed, how dare these pesky banias taking mard e momins for a ride

Thse baniya are just exposing themselves and mard e momins dont care about these petty things and you will see our cricket will still flourish without your BCCI .. baniya definitely spoiled the beauty of cricket but well enjoying the way you guys are being defeated on home grounds lol

 

[Lurch Adams]

Even with that PCB is able to meet all its expenses. The central contracts of players are renewed and increased every year. Not a big issue.



But the clowns from supa puwa bharat are happy with 85 million $$ losses of PCB . Choti choti khushiyan of veggies I think.

Oh, central contracts are renewed and the players are actually paid! Wow! That's a relief...

Okay, update. Seems PCB is not so punctual in paying players, after all.
Players complain over delay in salaries | Pakistan Cricket Forum - Cricistan

 

[Areesh]

Oh, central contracts are renewed and the players are actually paid! Wow! That's a relief...

Nope that shows India or no India there is no immediate financial crisis for PCB(as bharati kids think).

Latest news much latest then delay of salaries news.

PCB announces central contracts for players - The Express Tribune

 

[Osiris]

Yes baniya are known to play double game. they first say yes and then say no..these baniya are not trustworthy and history repeat itself

Perhaps if Mullahs didn't play double games of their own, they would not be in present situation.

First you try to rally other countries against us, when that failed, you wanted a series with us , as a bribe in return for accepting the new ICC rules.

Had you been consistent in your stand, you would have had some respect left.

 

[Raja.Pakistani]

Perhaps if Mullahs didn't play double games of their own, they would not be in present situation.

First you try to rally other countries against us, when that failed, you wanted a series with us , as a bribe in return for accepting the new ICC rules.

Had you been consistent in your stand, you would have had some respect left.

no it was baniya who offered series in response to support of PCB for big three idiots
and then as we all know baniya are not man of their words so this was expected and this idiot najam sethi was naive to believe in fake promises of baniyazzz..now baniya are mixing politics with cricket to spoil it further as they are being hijacked by few goons of shit sena

 

[Osiris]

no it was baniya who offered series in response to support of PCB for big three idiots
and then as we all know baniya are not man of their words so this was expected and this idiot najam sethi was naive to believe in fake promises of baniyazzz..now baniya are mixing politics with cricket to spoil it further as they are being hijacked by few goons of shit sena

Series were offered when India needed Pakistani vote to pass the new rules.
At that time your idiot mullahs did not accept, tried to incite other nations against it.

When you failed at that,and the vote passed with your participation, you were back with begging bowl ..for the same deal.

Baniyas just humoured you, signed a useless memorandum, with no damage or liability clause.

It is extreme stupidity to expect a great deal, when you have no leverage left..

Plus you had no other option, but to sign the new rules..as other 9 nations had signed them. IF not you would be playing with yourself only.

When we needed your help..you didn't support us, you expect us to gift you hundreds of millions dollars for your hostility?

Besides Cricket is a trade ,infact all sports are and you mix trade with politics all the time..so why not cricket?

 

[Winchester]

Meanwhile Pakistan rises to 2nd in the ICC rankings

 

[RAMPAGE]

India very straightforward country. We no tell stories for 9 years and bore you to death.

Effing hilarious.

 

[I S I]

May cost Pakistan $85M? Indiots should correct the title to "May cost 'PCB' $___". Illiterate indiots don't even know that PCB is self financed & it's not like PCB would have given that earned money to Govt.
Also, Allah behtar karega. we're a time & time again tested resilient Nation. Suck it up.

Meanwhile Pakistan rises to 2nd in the ICC rankings

Flat track bullies & monkeys are mad at their own shitty performance & jealous of Pakistani performance.