The PCB as per the terms of the contract had to disburse the central pool revenue share to the franchisees latest by May 5, 2019. Even as it has been over 40 days for the deadline, the franchisees are still awaiting their payments, cricketpakistan.com.pk has reported.
It has been good two months since the PSL Season 4 final was played on March 17. According to reports in a section of Pakistani media, the PCB has not even paid the first instalment of the 20% to 30% of the franchisees share.
The board has also not responded to a joint letter by the franchises, who had asked for the reasons of the delay. A majority of marketing officials, who were in charge of PSL4, have reportedly left their offices. This is also being seen as one of the reasons for the delay in the payments.
The franchisee will be earning up to $2.5 million from the central income pool this year.
The PSL4 champions Quetta Gladiators, along with few other franchises will end up with a profitable year due to lucrative title sponsorship and broadcasting deals.
The PCB has always adopted a strict policy of not allowing franchises additional time for payment of yearly fees, but now that they face a similar conundrum, the board has opted for complete silence on the matter.