PCB is all set to host a workshop for PSL on Friday, June 23 which will be regarding the proposal of increasing teams in the PSL 2023. The franchise owners who are not present in the country will be joining the workshop meeting.
The PCB will be giving more details about the addition of more teams in the PSL & the current franchise owners will be introduced to a formula that will result in no financial loss to anyone. As per a report from PCB, the initial proposal states that 95% of the central pool of revenue will go to the six existing teams. The teams could increase from six to eight in the 11th year which will see the new franchises maximize their profits as well.
PSL 2023 will be benefitted from the addition of New Franchisees
“Franchises also want perpetuity rights similar to IPL, which ended in the 11th edition after taking fees for ten years in India, but PSL teams, which were sold for a lower price, don’t want that. A central pool would benefit them more,” the report states. However, none of the plans are certain thus far, and with Najam Sethi’s recent decision to opt out of the race for PCB chief, the plans could change drastically in the future.
Meanwhile, Najam Sethi also took to Twitter to announce that he is opting out of the race of becoming permanent chairman of the PCB. He opined that he doesn’t want to be a ‘bone of contention’ & stated that such uncertainty in these matters is not good for the PCB.
“Salaam everyone! I don’t want to be a bone of contention between Asif Zardari and Shahbaz Sharif. Such instability and uncertainty are not good for PCB. Under the circumstances, I am not a candidate for the Chairmanship of PCB. Good luck to all stakeholders,” Sethi tweeted.
PCB Chairman on Cloud Nine after retaining the hosting rights for Asia Cup 2023
PCB Chairman, Najam Sethi was more than happy as they were able to retain their hosting rights for the marquee event. Notably, ACC accepted PCB’s hybrid model for the Asia Cup 2023 & now Asia Cup 2023 fixtures will be played in Pakistan & Sri Lanka. Initially, four fixtures will be played in Pakistan & later the action will shift to Sri Lanka with India vs Pakistan fixtures to be played in Sri Lanka.