Skip to main content

Cricket Business : Pakistan Cricket Board admits revenue shortfall, domestic cricket budget slashed

The Pakistan Cricket Board (PCB) has admitted that they are hit by Covid19 in the Board of Governors meeting (BOG). The meeting was called to finalize the annual budgets for the Pakistan cricket.
In the BOG held via video conference under the chairmanship of Ehsan Mani it was decided to reduce the budget by 10 percent as part of the PCB’s austerity, robust financial management and belt-tightening exercise.

“These steps have been taken to ensure that despite tough financial situations due to the Covid-19 pandemic, cricket remains unaffected and the PCB continues to invest in the future,” a PCB release said.

The BOG was also informed that due to the Covid-19 pandemic there will be a shortfall in revenues as the pandemic has left the fate of revenues from international events hanging in balance and may also affect PCB’s commercial programme.

Pakistan Cricket – Budget Details & Highlights

The PCB has allocated biggest percentage of its 7.76 billion rupee annual budget for the development of domestic cricket while slashing it by 10 percent. The budget which was approved at the Board of Governors (BOG) meeting on Friday sees 71 percent of the total expenditure budget allocated to cricketing activities.

– PCB will spend 71.2% of total budgets on cricketing activities
– The allocated 71.2 per cent cricket budget includes 25.2 per cent for domestic cricket (events and players/match officials/player support personnel contracts and High Performance Centre costs),
– 19.3 per cent for international cricket (home/away series and player contracts).
– A 5.5 per cent for women’s cricket (home/away cricket and player contracts),
– 19.7 per cent for PSL 2021
– 1.5 per cent for Medical and Sport Sciences.
The BOG has also agreed to continue investment on infrastructure development by approving a 1.22 billion budget for capital expenditure, a reduction of approximately 800 million from 2019-20.

Mani said “We have followed a strict cost-benefit and value for money policy while preparing this budget taking into consideration the economic situation due to the Covid-19 pandemic.

“The budget caters for all critical business of cricket activities, while the nice-to-have activities have been set aside as part of our cost-cutting measures and to protect our reserves for the future.”

According to the new monthly retainer structure, the PCB will again offer 192 leading domestic players (32 from each of the six Cricket Associations) performance-based contracts, but instead of paying a flat monthly retainer of 50,000 to all players, this season slab-wise payments will be made. The four slabs are P150,000 pm, P85,000 pm, P75,000 pm and P40,000 pm.



https://ift.tt/31kzZ5O

Comments

Related Posts

क्या अर्शदीप होंगे बाहर, पृथ्वी को मिलेगा मौका... दूसरे टी20 में बदलाव के साथ उतरेगी टीम इंडिया!

India vs New Zealand 2nd T20i: भारत और न्यूजीलैंड के बीच दूसरा टी20 मैच लखनऊ में खेला जाना है। पहले मैच को हारने वाली भारतीय टीम सीरीज बचाने के लिए उतरेगी। इस मैच में भारतीय टीम के प्लेइंग इलेवन में पृथ्वी साव को मौका मिल सकता है। वहीं कई खिलाड़ी बाहर हो सकते हैं। https://ift.tt/KTBpSk1

Watch: Pitch invader touches Parag's feet in Guwahati

During an IPL 2025 match between Rajasthan Royals and Kolkata Knight Riders, a fan invaded the pitch to touch RR's stand-in captain Riyan Parag's feet. This was Parag's debut as IPL captain in Assam. Though Parag performed modestly, the incident highlighted his growing popularity. RR remains winless and will face Chennai Super Kings next. from Sports News: Live Scores, Latest Updates on Cricket, Football, NBA, NFL, WWE, NHL, MMA, F1 & More https://ift.tt/U4iW1NT

World 1500m win on Jakob Ingebrigtsen’s mind

In the remarkable first few months of 2025, Jakob Ingebrigtsen has set two indoor world records and aims for the world championship title in the 1500 meters. He has already made history with his performance and continues to improve, setting his sights on breaking more records while maintaining his focus on the 1500 meters. from Sports News: Live Scores, Latest Updates on Cricket, Football, NBA, NFL, WWE, NHL, MMA, F1 & More https://ift.tt/7XtjnvZ

RCB की बॉलिंग का बनाया मजाक, एक-एक को कूटा, कौन हैं दिल्ली को एकतरफा जीत दिलाने वाले फिल साल्ट?

DC vs RCB: दिल्ली कैपिटल्स के बल्लेबाज फिल साल्ट ने रॉयल चैलेंजर्स बैंगलोर के गेंदबाजों को जमकर कूटा। मोहम्मद सिराज से लेकर वानिंदु हसरंगा तक उन्होंने किसी पर रहम नहीं किया। उनकी इस पारी की मदद से आरसीबी के खिलाफ दिल्ली ने 182 रनों का लक्ष्य 20 गेंद रहते हासिल कर लिया। https://ift.tt/c7b25g6

दिल्ली कैपिटल्स की बुरी हालत का जिम्मेदार कौन? किसकी वजह से लगातार 5 मैच हार गई टीम

IPL 2023: इंडियन प्रीमियर लीग 2023 में दिल्ली कैपिटल्स के हार का सिलसिला रुकने का नाम नहीं ले रहा है। टीम को अपने पांचवें मैच में रॉयल चैलेंजर्स बैंगलोर के खिलाफ 23 रन से हार मिली है। इस तरह दिल्ली को लीग में हार का पंच लग गया है। ऐसे में टीम के इस निराश करने वाले प्रदर्शन का जिम्मेदार किसे ठहराया जाए। https://ift.tt/RBMqfkC