The eighth edition of the Pakistan Super League (PSL) has generated more than PKR 5 billion in revenue. The Pakistan Cricket Board (PCB) has a ‘5-95’ profit sharing formula with the franchises, which means PCB and the six franchises will receive a 5% and 95% share, respectively.
The revenue is earned from broadcasting, title sponsorship, gate money and other rights. The unaudited details of the Central Pool have been revealed.
According to the details available with Cricket Pakistan representative, the total revenue from the event amounted to Rs5.62 billion. PCB’s share from this figure is Rs582,534,480, while the total franchises share is Rs5,046,776,989.
When divided among the six franchises participating in the PSL, each team is entitled to a share of approximately Rs841,129,498.
One of the major contributors to the PSL’s revenue stream is the television broadcasting deal, which encompasses both domestic and international markets. The broadcast rights have proven to be a lucrative aspect of the tournament’s financial success.
TV broadcasting rights from Pakistan generated a revenue of Rs2,175,393,394, while from other countries Rs402,824,378 were earned through TV broadcasting rights.
Despite bearing the productions costs and franchise fee, majority of franchises are expected to earn a profit this year. The franchises also get to earn a significant amount through their sponsorship deals with other brands. However, Multan Sultans are set to suffer loss for another year due to their higher franchise fee.
PCB earns billions of rupees through franchise fees from the PSL. Franchisees are not satisfied with the accounts and have raised objections on certain things, including ticketing.
