The Pakistan Cricket Board has launched a large-scale recovery campaign against defaulters, issuing formal notices to stakeholders and directing them to clear outstanding dues within a stipulated deadline.
According to details, the 11th edition of the Pakistan Super League has concluded, while the board’s recovery drive was already underway during the tournament.
Sources said multiple stakeholders owe billions of rupees to the board, and despite repeated reminders, payments were not made, prompting authorities to adopt a stricter approach.
In recent days, initial notices were sent to several franchises and partner organisations, warning that failure to clear dues by April 29 could result in contract termination. Following the notices, several franchises reportedly submitted their pending fees.
Interestingly, franchises are also awaiting approximately Rs4 billion in payments from the central revenue pool of the previous PSL season.
When the issue was raised, officials maintained that contractual obligations require timely payment regardless of pending receivables from other parties.
They added that unless dues are recovered from other stakeholders, further disbursements cannot be processed.
In previous practice, partial payments were often adjusted against the central income pool, but this time the board has taken a different approach.
For the 10th edition of the PSL, each franchise was expected to receive Rs9.75 billion as its share.
However, one major stakeholder reportedly owes around Rs4.7 billion to the PCB, a large portion of which relates specifically to the league, citing financial losses as justification for non-payment.
Officials also revealed that certain broadcasters were excluded from the bidding process for media rights due to outstanding financial concerns. However, the new rights holder later allowed those broadcasters to air matches.
To safeguard financial interests, the PCB has secured a bank guarantee from the media rights company, which can be encashed in case of non-payment.
Meanwhile, sources confirmed that new franchises and the new ownership group of former Multan Sultans have already cleared their payments. As first-year participants, they are not eligible for returns from the previous central revenue pool.
Owners who invested heavily in new teams have been assured a minimum payout of Rs8.5 billion over the first five years, though final amounts will be determined after account finalisation.