Pakistan Super League (PSL) franchises were left seething after the Pakistan Cricket Board inadvertently revealed financial details of all teams to each other.
The Pakistan board had earlier asked for the financial statements of all five existing franchises in order to present a case in front of federal and provincial governments for tax relief for franchises.
All teams in the PSL had earlier complained to the PCB about taxes they have had to pay over and above the franchise rights fees – including holding and sales tax. The financial troubles of the now defunct Multan Sultans franchise also made the franchises anxious.
However, the Pakistan board seems to have made the situation even more tense by sharing confidential information with all franchises.
“I think it was probably a mistake but this is not something one expects from a professional organization,” a team owner was quoted as saying by Cricbuzz.
“It is certainly the lack of understanding about confidentiality. All over the world, the financial records are expected to be kept confidential. I don’t understand why Subhan [Ahmed, PCB chief operating officer] released the details. You don’t need to be a chartered accountant to understand the gravity of the situation.”
All franchises are eyeing a reworked revenue sharing deal with the Pakistan board, who signed a new TV rights deal worth $40 million.
