PSL to become private limited company

Sport360 staff 18:44 08/11/2016
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The PSL kicks off in February 2017.

All five franchises agreed on Monday that it was necessary to keep the PSL, which kicks off in the UAE in February 2017, separate from PCB politics.

Despite the proposal of making it a private limited company, the PSL will still be maintained by the board – where the majority of PSL Board members will come from the PCB.

But it has been decided that two independent directors will be brought in to keep up the transparency.

While the franchises agreed and backed the idea, there has been debate on having nominations on the PSL board from the franchises as well.

The five franchises – Islamabad United, Karachi Kings, Lahore Qalandars, Quetta Gladiators and Peshawar Zalmi – feel that there should be their representation on the PSL Board because they are the major stakeholders and thus they should have a say.

It has been learnt that in the past two meetings of PCB Board of Governors the idea of PSL being made a private limited company has been principally approved but the official confirmation has not yet been made.

However, the meetings of the PCB governing board will finally decide the fate of how PSL will run going forward.

“For the betterment of PSL, it’s important to keep a top product away from all the politics of PCB,” one of the franchise representatives said.

“In the longer run, PSL will only be a success if it is run as a private limited company. More than PCB, it is the franchises for whom the stakes are really high which is why their say should hold value as well.”

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