PCB spends $3 million to host Independence Cup

PCB spends  $3 million to host Independence Cup


LAHORE: The Pakistan Cricket Board (PCB) will end up spending anywhere between US$ 2.5-3 million for the staging of the three-match Twenty20 International series against World XI, as it bids to build on unprecedented international goodwill and bring more cricket back to Pakistan.

A major chunk of that figure will have been spent on bringing the World XI team to Lahore. Nobody has spoken publicly about how much the players are being paid but it is thought to be in the region of $100,000 each. The rest is made up mostly by the logistic costs involved. The PCB will not, at least, have to pay for the entire costs of the security apparatus for the series. Two international security consultants - Reg Dickason and Nicholls Steyn and Associates - have been engaged, with the $1.1 million cost picked up by the International Cricket Council (ICC). That is a result of efforts by the PCB over the last year to seek some kind of assistance from the game’s governing body from their projected loss of revenues from the absence of international cricket at home. Although the total spend on the series may appear hefty for a board that hasn’t hosted an India series in well over a decade and has hosted one international series at home since 2009, the PCB’s financial health appears to be better than has been often thought. The board has made a profit every year since 2011 and has, in fact, tripled it in the three years to June 2016 - for the year 2015-16, according to its annual report, the PCB made a profit of $14.5 million dollars.

 

 

Published in Daily Times, September 13th 2017.