Pakistani Super League (PSL) franchises have mutually decided to pay cricketers in Pakistani rupee (PKR) for the fifth edition of the tournament PSL 2020. One of the franchisees' main concerns was the dollar payment of local and foreign cricketers, which they felt placed a huge financial burden on them.
According to details, the meeting between the president of the CCP, Ehsan Mani, and the owners of the PSL on Monday was a friendly affair. He heard the reservations of all franchises and assured that their concerns would be resolved. The PAC has decided to form a working committee that will examine all franchise concerns for a month and then pass on their recommendations to resolve the issues. The working committee will consist of several PCB officials and a representative from each franchise.
Foreign cricketers refuse to play full HBL PSL in Pakistan. During the meeting, the franchisees also requested indefinite rights to their respective teams. The current agreement grants them the rights for 10 years. The owners submitted that they were developing their respective brands and that if for some reason, their contracts were not renewed, all their efforts would be in vain. The PAC accepted the principle of this application and decided to use the services of a legal organization to begin the process.
A fixed dollar rate was also on the agenda fixing the dollar would increase franchise revenues, for which the PCB will consult with a specialized firm. Since the next edition of HBL PSL will take place entirely in Pakistan, it was also decided that all expenses would be made in PKR instead of US dollars.
The audit report of the fourth edition was also presented at the meeting. One franchise owner described the report as "difficult to understand" which is why it will be the subject of further debate at the next meeting. The franchises also asked the PAC to waive the process of obtaining a bank guarantee before each season. However, the PAC decided to make any decision on this issue only after reviewing the recommendations of the working committee.
0 Comments