Pakistan Tremendous League (PSL) franchises have moved to the Lahore Excessive Courtroom (LHC) towards the Pakistan Cricket Board (PCB), in search of alteration within the present monetary mannequin of the league.
The PSL groups determined to lodge the case after reportedly struggling big losses for the reason that inception of the league as a result of ‘defective’ monetary mannequin.
Franchises imagine that Pakistan’s largest sporting occasion, PSL, makes the cricket board richer yearly, however they undergo losses.
The franchises have employed esteemed legal professionals, Ahmer Bilal Soofi and Salman Akram Raja, to file the petition. The plaintiffs have requested the courtroom to direct the PCB to redress their grievances, and “revise the mannequin of PSL below its statutory mandate and make it financially viable.”
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The event got here a day after the PCB demanded monetary ensures by September 25 for PSL 6. Nonetheless, franchises objected to the transfer, saying that the insecurity from the board is disheartening.
PSL franchise homeowners had additionally expressed issues final 12 months, contending that the PCB ought to belief them with fulfilling the monetary obligations for the league. The board had agreed to cast off the requirement for the fifth season and accepted post-dated cheques from the groups. Nonetheless, two franchises reportedly didn’t clear their dues, prompting the board to re-introduce monetary ensures.
The groups are assured that the courtroom will resolve the case of their favor.
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Nonetheless, board officers have one other story to inform. In response to them, franchises have been invited to debate the monetary mannequin on two completely different events. As an alternative of responding to the invitation, they determined to strategy the courtroom, which is shocking.
PCB can’t touch upon this as no discover has been acquired from the courtroom up to now. We anticipate a listening to on Friday, after which we will remark.
Observe that the knockout stage of PSL 2020, postponed as a result of COVID-19 pandemic, will now be performed between November 14 and 17, at Gaddafi Stadium, Lahore.