Pakistan Cricket Board (PCB) has despatched a reminder to all Pakistan Tremendous League (PSL) franchises to pay their charges throughout the given deadline. PCB and PSL franchises have had a strained relationship because the franchises have claimed that PCB has not taken enough steps to make sure that the franchises don’t undergo losses.
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PCB has warned the franchises of significant motion in opposition to them in the event that they fail to pay their charges on time. The deadline for the payment submission is 21 January. If the franchises fail to pay the payment by the deadline, PCB has the proper to terminate their contracts.
In accordance with sources, the franchises are more likely to pay their charges throughout the deadline.
Each franchise has suffered large losses because the inception of PSL. They’ve made a number of complaints to the PCB and have requested them to take steps to resolve the difficulty.
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After the matter moved to the court docket, PCB made an effort to resolve the issue by agreeing to develop a brand new monetary mannequin for the franchises. It’s rumored that the franchises are ready for the draft of the brand new monetary mannequin earlier than paying their respective charges. Additional developments relating to the matter are anticipated within the coming week.
For extra information and updates, observe our PSL 2021 protection.