The Pakistan Super League (PSL) franchises have launched a brand new case in the Lahore High Court against the Pakistan Cricket Board (PCB) after the cricketing body had failed to address their reservations over the tournament’s financial model.
According to sources, the franchises filed the case with help of renowned lawyers, Ahmer Bilal Soofi and Salman Akram Raja, after incurring huge losses due to the present financial model over the course of last five seasons.
The franchises were hoping that the league would be profitable for them, after the fifth edition took place in Pakistan, with the playoffs scheduled to be played in November, instead of UAE but that was reportedly not the case.
Over the last couple of months, the relationship between the PCB and the franchises has become more and more tainted.
The franchises also expressed disappointment with the fact that the PCB had asked them to submit financial guarantee, by September 25, for the next season, even before the fifth edition has been completed, rather than addressing their grievances.
Sources close to the franchises also claimed that they were disappointed to see the PCB take to this this approach, while handling issues, despite helping the board turn the league into a big brand.
PCB Also Responded to the Matter
“The PCB is surprised to hear that the franchisees have opted to take a legal route despite our recent invites on two separate occasions to discuss the financial model in good faith and as part of our relationship building. The PCB cannot comment on the exact contents of the matter as it is yet to receive any notice from the honourable court. We understand a hearing is set for Friday, following which we will be able to comment,” the statement read.