Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
    Busin Ja Dhika song
    Videos

    Busin Ja Dhika Song: A Raw Pakistani Anthem Goes Viral

    February 21, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan eyes big guns in T20 league to boost coffers
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Sports > Pakistan eyes big guns in T20 league to boost coffers
Sports

Pakistan eyes big guns in T20 league to boost coffers

Web Desk
By Web Desk Published January 19, 2016 7 Min Read
Share
SHARE

Pakistan is eagerly courting global superstars such as Chris Gayle and Kevin Pietersen to boost the country’s cash-strapped cricket board when its new high-octane, short-form Twenty20 league begins in the UAE next month.

But insiders warn Pakistan’s first franchise-based league may not be enough to overcome revenue and time lost during the country’s long exile from hosting international cricket.

Pakistan has been forced to play nearly all its home series at neutral venues since Islamist fighters attacked the Sri Lanka team’s bus in 2009, killing eight people and injuring nine others, including six touring cricketers.

After two aborted attempts, the first edition of Pakistan Super League (PSL) will be held next month at two venues — Dubai and Sharjah  — in the United Arab Emirates, the team’s home away from home.

“This was long overdue,” former PCB CEO Ramiz Raja told AFP. “I think the spread and the pie will be larger and the PSL will give hope and scope to Pakistan cricket besides helping emerging and middle-tier players.”

But insiders agree there is little hope for the tournament to continue if it can’t eventually return home for greater gate and TV revenues.

With lower salary caps than leagues elsewhere, it will also need to steer clear of the ever-present threat of fixing that has hit its predecessor leagues in India and Bangladesh, resulting in bans for the likes of international stars Shanthakumaran Sreesanth of India and Mohammad Ashraful of Bangladesh.

With Pakistan’s young pace star Mohammed Amir making his international comeback after five years in the wilderness for spot-fixing, the country can ill afford a repeat of the sort of controversy that has blighted it more than any other team since the phenomenon emerged in the late 1990s.

The board estimates it has lost nearly $200 million in TV and ticketing revenue from 2009 to date, a period which has also coincided with a boycott by India — cricket’s wealthiest nation, which guarantees massive paydays for opponents.

To set about improving its economic health, the Pakistan Cricket Board (PCB) decided it needed to replicate the success of the cash-rich Indian Premier League (IPL), but two earlier attempts were aborted after a lack of sponsorship, in 2013 and 2014.

PSL chairman Najam Sethi was bullish. “Teams will use merchandising and hopefully we will make this product profitable which will help us stand on our feet and we will not need to take money from anyone,” he said on a TV show he hosts recently.

But compared to the IPL and Australia’s Big Bash League (BBL), the PSL looks like a “poor man’s league”.

The IPL earned $700 million from the sale of eight franchises and attracted a whopping $1.75 billion from the sale of TV rights over a 10-year period.

By contrast, the PSL’s five teams were sold for $93 million for a period of a decade while TV rights and title sponsorship fetched around $20 million for three years.

While the teams – Karachi, Islamabad, Quetta, Lahore and Peshawar – were given a total salary cap of $1.1 million each, the IPL salary cap rose to $52.8 million for all teams combined in 2011.

In 2014, India’s World Cup heroes Gautam Gambhir and Yuvraj Singh earned $2.4 million and $2.33 million.

But the top five “icon players” in the PSL — Chris Gayle of the West Indies, England’s maverick Kevin Pietersen, Australian all-rounder Shane Watson, and Pakistan’s all-round pair of Shoaib Malik and Shahid Afridi –  will earn $200,000.

With its comparatively lower wage structure and smaller returns, former Pakistan captain Rashid Latif fears PSL could be particularly susceptible to fixing.

“Teams will not be able to recover expenses without fixing,” Latif, who as a player blew the whistle on fixing teammates, said. “If they don’t use that, they will suffer huge losses.”

Gayle, arguably the tournament’s most high-profile T20 star, recently damaged his own standing after being involved in a sexism row following flirtatious remarks made to an Australian reporter in the BBL.

He remains a box-office pull however, and warmed up for his PSL stint with a record-equalling 50 off just 12 balls in his final BBL innings on Monday night.

On the financial side, bringing the league to Pakistan soil as soon as possible is key to its lasting success, a management source told AFP.

“Everybody’s hoping and projecting that the league will come to Pakistan. If it doesn’t come in two to three years then the viability becomes difficult.

“It’s a bit untested. You’re playing 25 to 30 matches in two venues. There is a limit you can draw. You don’t get the league feel of home and away games until you bring it to Pakistan — that’s when you can create a genuine buzz.”

He added that the concept of merchandising was new to Pakistan, where rampant piracy remains an issue, and it would be difficult to give the competition a genuine league feel away from home.

But some in Pakistan’s business community are more optimistic.

“Our money box is empty and we have to cajole India (to participate), but I am sure people will support it and in my opinion in the next three to five years it will make profits,” said Pakistani businessman Zafar Motiwala.

Read : Associations not taken into confidence for PSL: Arif Abbasi
TAGGED:Pak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

For more info visit Bank Alfalah

Recent Posts

Bitcoin price drop 2025

Bitcoin Falls Below $103,000 as Altcoins Slide Amid Market Uncertainty

Carlos Alcaraz Italian Open

Carlos Alcaraz Defeats Jannik Sinner to Win Italian Open 2025

Pakistan budget 2025-26

Pakistan Targets 4.4% GDP Growth in 2025-26 Budget, IMF Pushes Fiscal Reforms

Jamal Roberts Wins American Idol 2025

Jamal Roberts Wins American Idol 2025, First Black Man in 22 Years

Mir Musawwar Ali Mithani

CSS 2023 Topper, Denied Preferred Group, Appeals for Justice

Post Archives

More Popular from Photonews

Cooper Flagg Mavericks NBA Draft 2025
Sports

Dallas Mavericks Win 2025 NBA Draft Lottery, Eye Cooper Flagg as No. 1 Pick

3 Min Read
Kashish Chaudhary Becomes First Hindu Woman Assistant Commissioner
Balochistan

Kashish Chaudhary: Balochistan’s First Hindu Woman Assistant Commissioner

2 Min Read
Lorde gender fluidity
Entertainment

Lorde Embraces Gender Fluidity in Upcoming Album ‘Virgin,’ Out June 27

3 Min Read
Offbeat

Mexican Influencer Valeria Márquez Killed During TikTok Live

A gunman fatally shot 23-year-old Mexican influencer Valeria Márquez on May 13, 2025, during a TikTok…

May 15, 2025
Business

Pakistan Stock Exchange Soars Past 120,000 as Ceasefire and IMF Boost Confidence

The Pakistan Stock Exchange (PSX) extended its bullish run on May 13, 2025. The KSE-100 Index…

May 13, 2025
Top NewsWorld

Tory Lanez Stabbed in Prison: Suspect Santino Casio Identified

The California Department of Corrections and Rehabilitation (CDCR) identified 42-year-old inmate Santino Casio as the suspect…

May 14, 2025
Top NewsWorld

Russia-Ukraine Peace Talks in Istanbul Falter as Putin Skips Meeting

On May 15, 2025, anticipated Russia-Ukraine peace talks in Istanbul faced a setback when Russian President…

May 16, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?