Published 12:20 IST, July 6th 2020

PCB jolted after court allows Pakistan broadcasters not to pay remaining PSL 2020 dues

The Pakistan Cricket Board (PCB) gets financially taken aback after the civil courts in Lahore allowed PSL 2020 broadcasters to withhold paying their dues.

SportFit
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The Pakistan Super League 2020 (PSL 2020) season from earlier this year got postponed by the Pakistan Cricket Board (PCB) just before the knockout stages due to the ongoing coronavirus global pandemic. The PCB is now looking to stage the remaining matches later this year in the UAE, should the situation in Pakistan does not improve by the time. With the pandemic in place, the board and the PSL 2020 broadcasters have come to legal blows with each other over a payout dispute for the remaining few matches.

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PSL 2020: Financial impact of coronavirus on PCB

PSL broadcasters, Blitz Advertising and Techfront, signed up a broadcasting deal of US$36 million with PCB in 2018. The broadcasters are now reportedly withholding their remaining dues to be paid to the PCB for the unfinished PSL 2020 season. The contract states that the payment is tied to the scheduled day of the last match of the season. Since the payment was not made by Blitz Advertising and Techfront, the PCB cashed an insurance guarantee from a security deal with PSL broadcasters worth PKR 1 billion (US$6 million).

While speaking with ESPNCricinfo, a Blitz official confirmed that their payment dispute with PCB is on issue of completion of PSL 2020 season. The official added that their agreement with PCB ‘clearly’ states that they are liable to pay the remaining rights fees only after the conclusion of the final PSL 2020 match. The official also confirmed that they have approached courts to seek legal remedy and have successfully refrained the encashment of guarantee since the payment to the PCB is not due yet.

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When contacted the PCB, the board official said that they are in coordination with their stakeholders in relation to the financial matters of PSL 2020. The PCB official added that they are expecting any financial obligation to be met in a “timely way”. There have been reports off late about the PCB considering hosting the PSL 2020 in November despite the BCCI wanting the IPL 2020 to happen around the same time.

The Pakistan cricket team's next engagement, on the other hand, is their upcoming tour of England, having arrived in the country few days ago for quarantine purposes.