Cricket News

There’s a brand new problem on the table for all PSL franchises

The Pakistan Super League (PSL) owners have expressed concerns over the introduction of a new 15 per cent Tax as the franchises are already suffering losses.

In 2019, all 6 franchises were handed tax relief by the government — which pertained to 10 per cent withholding tax. Only time is going to tell whether this new tax will apply on them or not.

There is no governing council meeting set for the near future, hence the team owners are currently discussing matters internally and are considering forwarding their reservations on it to the Pakistan Cricket Board (PCB).

Meanwhile, doubts on the continuation of the inconclusive PSL Season 5 keep increasing but the board is looking to contest the playoffs later this year in November or December. PSL 5 was called off just before the playoffs, due to the ongoing novel coronavirus crisis.

According to the PSL agreement, all the players and officials were paid 70 per cent of their salaries before the start of the season. Rest of the payment was supposed to be done 60 days after the tournament.

According to sources, the board will pay the remaining amount to the players of Quetta Gladiators and Islamabad United. Both teams failed to qualify for the playoffs. However, other teams will be paid the amount for the matches they played and final settlement of payment will only be done after the end of the playoffs.

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