Absence of series against India results in PCB losing USD 90 million – cricket

The Pakistan Cricket Board (PCB) has suffered a income loss to the tune of USD 90 million in its final media rights deal as a result of of the freezed bilateral cricket ties with India since 2008. India have performed against Pakistan solely in ICC tournaments in the previous few years because of the diplomatic stress between the 2 nations. A dependable supply mentioned PCB’s final 5-yr deal, which expired this month, included two house series against India. The broadcasters who signed the contract value 149 million {dollars} had a situation that the series can be held against India.

“Unfortunately since Pakistan was unable to play the two home series against India as included in the agreement, Ten Sports and PTV the two broadcasters who had taken the rights deducted 90 million dollars of the total sum as per the agreement,” the supply mentioned.

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The PCB additionally confronted monetary disagreements with its final broadcaster over the unscheduled house series against West Indies and many others. The supply mentioned that the PCB has already began exploring the market to get good cash for its worldwide house media rights deal both brief or long run.

“The problem is that right now due to the Coronavirus pandemic the situation in the market is bad. In fact the situation for cricket broadcast rights has been poor since last December,” he mentioned. PCB Chairman, Ehsan Mani earlier this week in a podcast had mentioned that the Board was mentally ready to get bids which might be decrease in value than what the Board anticipated.

Mani had insisted that though the PCB had suffered losses as a result of of absence of series against India however it may stay with out enjoying them.

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