The long-lasting dispute between Pakistan Cricket Board (PCB) and Pakistan Super League (PSL) franchises has come to an end after all the franchises decided to submit their annual fee.
According to the reports, all six franchises have paid their pending fees to the Board on the final day of the three-week limit allocated to them on a condition to have a more reasonable and workable financial model from next year onward between the two major investors.
A franchise owner said in a statement that,
“Yes, we have submitted the annual fee with the PCB with a hope to have a more logical and workable financial package from the next year onward,”
“We have been promised by the PCB that a new financial model will be in place from the next year and this could be a much longer duration.”
Previously this month PCB had given a three-week deadline to all franchises to submit their awaited annual fee that they had declined to pay due to a disagreement over the league’s financial model.
Multan Sultans with $6.5 million followed by Karachi Kings’ $2.6 million and Lahore Qalandars’ $2.5 million. Islamabad United and Peshawar Zalmi had to pay $1.5 million each while Quetta Gladiators owed PCB $1.1 million.