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Reading: Pakistan Super League 8 Generates Over PKR 5 Billion in Revenue
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PhotoNews Pakistan > Sports > Pakistan Super League 8 Generates Over PKR 5 Billion in Revenue
Sports

Pakistan Super League 8 Generates Over PKR 5 Billion in Revenue

Web Desk
By Web Desk Published June 26, 2023 2 Min Read
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The eighth edition of the Pakistan Super League (PSL) has achieved a remarkable feat by generating more than PKR 5 billion in revenue. The Pakistan Cricket Board (PCB) follows a ‘5-95’ profit sharing formula with the franchises, wherein the PCB receives a 5% share, while the six franchises receive the remaining 95%.

The revenue is derived from various sources such as broadcasting, title sponsorship, gate receipts, and other associated rights. The unaudited breakdown of the Central Pool reveals that the total revenue from the event amounts to Rs5.62 billion. Out of this figure, the PCB’s share stands at Rs582,534,480, while the total share for the franchises sums up to Rs5,046,776,989.

Upon distribution among the six participating franchises, each team is entitled to approximately Rs841,129,498.

One of the key contributors to the PSL’s impressive revenue stream is the television broadcasting deal, encompassing both domestic and international markets. The broadcast rights have proven to be a significant source of financial success for the tournament.

The PSL’s ability to generate substantial revenue highlights its growing popularity and commercial appeal. The tournament has become a major attraction for cricket fans, sponsors, and broadcasters, further solidifying its position as one of the premier T20 leagues worldwide.

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