Franchise owners say the league is close to their hearts
Pakistan Cricket Board Chairman Ramiz Raja has welcomed the move that longstanding matters between the PCB and the Pakistan Super League franchises came to an end after they accepted the board’s offer.
The development was made public by the board in a press release, where it stated that PSL franchises have accepted the offer, which was presented to them during last month’s Governing Council meeting in Lahore.
Some of the salient terms of the offer, which the six franchises have accepted, include:
· Covid-19 relief for HBL PSL 5 and 6
· Upward revision of Central Pool of Revenue in favour of the franchises for HBL PSL 7–20
· Locking of Dollar rate with prospective effect
Commenting over the development, the PCB chairman stated that the longstanding matters between the PCB and the franchises were causing distraction and affecting the reputation of the brand.
“I am delighted that all matters have finally been resolved,” he said. “It is a big step forward in building a stronger relationship with the franchise owners as we look forward to working with them to take the HBL PSL to greater and unprecedented heights.”
Moreover, a joint statement issued by the franchise owners said that the acceptance of the offer is an indication of their commitment and resolve to make the league bigger and better.