Published On: Wed, May 4th, 2016

Pakistan reaps $2.6m profit from PSL



LAHORE: Pakistani cricket officials announced Tuesday an overall profit of $2.6 million from the country’s first ever Twenty20 league.

The five-team, franchise-based event was held in the United Arab Emirates earlier in 2016 in an attempt to boost Pakistan’s cricket standards, which have been badly hit by the suspension of international tournaments since the 2009 terror attack on the bus carrying Sri Lanka’s cricket team in Lahore.

Pakistan Super League (PSL) chairman Najam Sethi described the profit as a welcoming sign.

“Fortunately, we had a $2.6 million dollar profit but since the franchises incurred some losses, we decided to give $2 million to them and reduced our profit to $0.6 million,” Sethi said at a news conference.

He said around $6 million was earned from television rights and gate money.

Islamabad beat Quetta to win February’s inaugural PSL, which featured top international players such as Chris Gayle, Darren Sammy, Shane Watson, Kevin Pietersen, Luke Wright and Shakib Al Hasan.

Sethi said a sixth team was likely to be added next year after negotiations.

“PSL was successful and there is a huge demand to add one more team,” he added.

Sethi said Pakistan’s young cricketers would benefit from PSL, just as the Indian Premier League had helped India, by allowing them to play alongside experienced international stars. – AFP


News Source PakistanToday

About the Author

Syed Ammar Alavi

- is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology