• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Monday, June 15, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

By Shahid Hashmi  

PCB’s gamble to boost coffers

Published on: January 20, 2016 9:57 AM

 

KARACHI: Pakistan is rolling the dice on global superstars such as Chris Gayle and Kevin Pietersen to boost the country’s cash-strapped cricket board when its new high-octane, short-form T20 league begins in the UAE next month. But insiders warn Pakistan’s first franchise-based league may not be enough to overcome revenue and time lost during the country’s long exile from hosting international cricket. Pakistan has been forced to play nearly all its home series at neutral venues since militants attacked the Sri Lanka team’s bus in 2009, killing eight people and injuring nine others, including six touring cricketers.

After two aborted attempts, the first edition of Pakistan Super League (PSL) will be held next month at two venues — Dubai and Sharjah — in the United Arab Emirates, the team’s home away from home. “This was long overdue,” former PCB CEO Ramiz Raja said. “I think the spread and the pie will be larger and the PSL will give hope and scope to Pakistan cricket besides helping emerging and middle-tier players.” But insiders agree there is little hope for the tournament to continue if it can’t eventually return home for greater gate and TV revenues. With lower salary caps than leagues elsewhere, it will also need to steer clear of the ever-present threat of fixing that has hit its predecessor leagues in India and Bangladesh, resulting in bans for the likes of international stars Shanthakumaran Sreesanth of India and Mohammad Ashraful of Bangladesh. With Pakistan’s young pace star Mohammad Amir making his international comeback after five years in the wilderness for spot-fixing, the country can ill afford a repeat of the sort of controversy that has blighted it more than any other team since the phenomenon emerged in the late 1990s.

Lost time, lost revenue: The board estimates it has lost nearly $200 million in TV and ticketing revenue from 2009 to date, a period which has also coincided with a boycott by India — cricket’s wealthiest nation, which guarantees massive paydays for opponents. To set about improving its economic health, the Pakistan Cricket Board (PCB) decided it needed to replicate the success of the cash-rich Indian Premier League (IPL), but two earlier attempts were aborted after a lack of sponsorship, in 2013 and 2014. PSL chairman Najam Sethi was bullish. “Teams will use merchandising and hopefully we will make this product profitable which will help us stand on our feet and we will not need to take money from anyone,” he said on a TV show he hosts recently.

But compared to the IPL and Australia’s Big Bash League (BBL), the PSL looks like a “poor man’s league”. The IPL earned $700 million from the sale of eight franchises and attracted a whopping $1.75 billion from the sale of TV rights over a 10-year period. By contrast, the PSL’s five teams were sold for $93 million for a period of a decade while TV rights and title sponsorship fetched around $20 million for three years. While the teams — Karachi, Islamabad, Quetta, Lahore and Peshawar — were given a total salary cap of $1.1 million each, the IPL salary cap rose to $52.8 million for all teams combined in 2011.

In 2014, India’s World Cup heroes Gautam Gambhir and Yuvraj Singh earned $2.4 million and $2.33 million. But the top five “icon players” in the PSL — Chris Gayle of the West Indies, England’s maverick Kevin Pietersen, Australian all-rounder Shane Watson, and Pakistan’s all-round pair of Shoaib Malik and Shahid Afridi — will earn $200,000. With its comparatively lower wage structure and smaller returns, former Pakistan captain Rashid Latif fears PSL could be particularly susceptible to fixing.

“Teams will not be able to recover expenses without fixing,” Latif, who as a player blew the whistle on fixing teammates, said. “If they don’t use that, they will suffer huge losses.” Gayle, arguably the tournament’s most high-profile T20 star, recently damaged his own standing after being involved in a sexism row following flirtatious remarks made to an Australian reporter in the BBL. He remains a box-office pull however, and warmed up for his PSL stint with a record-equalling 50 off just 12 balls in his final BBL innings on Monday night.

Bringing the game home: On the financial side, bringing the league to Pakistan soil as soon as possible is key to its lasting success, a management source said. “Everybody’s hoping and projecting that the league will come to Pakistan. If it doesn’t come in two to three years then the viability becomes difficult. “It’s a bit untested. You’re playing 25 to 30 matches in two venues. There is a limit you can draw. You don’t get the league feel of home and away games until you bring it to Pakistan — that’s when you can create a genuine buzz.” He added that the concept of merchandising was new to Pakistan, where rampant piracy remains an issue, and it would be difficult to give the competition a genuine league feel away from home. But some in Pakistan’s business community are more optimistic. “Our money box is empty and we have to cajole India to participate, but I am sure people will support it and in my opinion in the next three to five years it will make profits,” said Pakistani businessman Zafar Motiwala.

Filed Under: Sports

Submit a Comment




Primary Sidebar




Latest News

KP announces Muharram 1 holiday

Saudi Arabia and global powers welcome US-Iran breakthrough agreement

Aseer Summer Season aims to attract millions of visitors

G7 leaders meet after Iran deal

Linux 7.1 update drops legacy support and boosts stability

Pakistan

KP announces Muharram 1 holiday

Punjab budget prioritises health education and public welfare

Sindh police plans AI and drone units

Pakistan envoy meets Chechen leader in Grozny

Finance minister signals eventual end to super tax

More Posts from this Category

Business

Punjab unveils Rs5.13tr budget plan

Oil slips on US-Iran deal, Hormuz plan

SBP maintains policy rate at 11.5pc

Gold prices jump sharply in Pakistan, price of one tola rising by more than Rs10,000

PSX rallies as US-Iran deal and oil fall boost confidence

More Posts from this Category

World

Saudi Arabia and global powers welcome US-Iran breakthrough agreement

Aseer Summer Season aims to attract millions of visitors

G7 leaders meet after Iran deal

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.