The Pakistan Cricket Board’s (PCB) Board of Governors (BoG) had its first meeting regarding the PSL Budget under newly-elected Chairman Mohsin Naqvi at the Chief Minister’s House on Wednesday.
They decided to restore the Pakistan Super League’s PSL Budget and its commercial expenses, which were previously reduced by the former Management Committee. The aim is to generate a profit of approximately Rs1,945 million from the upcoming season nine, starting from February 17.
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During the meeting, attended by nearly half of the BoG members in person and the rest via video link, the previous commercial budget was restored from Rs459,500,000 to Rs544,5000,000.
This means the Rs85 million cut imposed earlier has been reversed. Additionally, cuts to logistic, administrative, and electrical expenses have been reverted. However, there’s been a reduction of Rs56 million in the security budget, bringing it down from Rs286 million to Rs230 million.
The security budget was initially around Rs286 million, but it’s now adjusted to Rs230 million. Expenditure on human resources has also increased from Rs25 million to Rs38 million.
The expenses for the media will remain the same as the previous season PSL 8. Logistics expenses have been restored to Rs380 million, overturning the previous cut of Rs130 million.
Furthermore, the PCB’s share from PSL income has been raised from Rs675 million to Rs725 million, reflecting an adjustment of Rs50 million.
The PCB anticipates a net profit of around Rs1,945 million from Season 9. Additionally, a committee will be formed to address the recent ban on a former PCB official, with full authority to investigate all the details.