PSL franchises miss an extended deadline for 2021 tournament

According to reports, all six franchises of Pakistan Super League (PSL) miss a second deadline to deposit money for the 2021 edition of the tournament.

Pakistan Cricket Board (PCB) had set a deadline of November 10^th in order for the franchises to clear their dues. Neither of them obliged and followed this deadline.

The original September deadline was also missed by them before entering litigation over what they claimed. The PCB chairman agreed that it was unjust division of revenue.

The franchise officials were to receive a briefing from PCB’s chief financial officer (CFO). This would be regarding a new and balanced financial model but matters of its new Board of Governors got in the way.

The report further states that in case of the franchise refusing to accept the new financial model, PCB would consider reselling the franchise. It is now believed that the PSL brand can fetch greater prices.

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