PCB report positive meeting with PSL franchises amid financial dispute

The six teams have decided to settle their disagreement with the governing body out of court and the first batch of talks were held on Wednesday (October 7)

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The Pakistan Cricket Board have held "positive and constructive" talks with PSL franchises amid a major dispute over revenues splits.

All six teams want the financial model changed to ensure they receive more funds from the tournament. They had originally sought legal action but have decided to settle the disagreement out of court.

Discussions were held on Wednesday (October 7) and a PCB statement revealed that a further meeting is planned to "delve deeper" into the issue.

A statement read: "A positive and constructive meeting was held today between the Pakistan Cricket Board and all the HBL PSL Franchise Teams. Participants engaged in good faith discussions with a view to resolving outstanding matters, disputes and grievances.

"Both sides held healthy candid discussions airing concerns and their respective viewpoints on outstanding matters. 

"PCB presented to the team owners a draft proposal which has been put together at the behest of the franchises who requested that the PCB explore a more equitable model.

"Both sides agreed to delve deeper into the proposed model with their respective financial and operational teams over the coming weeks and aim to resolve outstanding concerns and find a mutually beneficial position as soon as possible."

Despite the play-offs being postponed until November due to the coronavirus pandemic, the PCB have reported a profit from the fifth edition of the PSL.

The entire revenue from the competition was Rs.2,167,794,749 (£10.3m), with the PCB's share amounting to Rs.627,612,185 (£2.9m).

Around Rs.256,697,094 (£1.2m) was paid to each franchise, down by Rs.30,000,000 (£141,721) from last year but all sides currently run at a loss. Among their demands are a better distribution of gate receipts and tax exemptions.

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