Pakistan Cricket Board hits jackpot with USD 10 million profit after Champions Trophy | Cricket News

Pakistan cricket crew (PTI Photo)

NEW DELHI: The Pakistan Cricket Board (PCB) has introduced that it’s set to earn a profit of roughly USD 10 million by internet hosting the Champions Trophy, the place the Indian crew emerged because the champion.
According to PCB spokesperson Aamir Mir and Chief Financial Officer (CFO) Javed Murtaza, all bills for the event had been lined by the International Cricket Council (ICC).
“All expenses for the tournament were covered by the ICC,” Mir, as quoted by PTI, stated on Thursday. “Additionally, after the audit, we expect to receive another Rs 3 billion from the ICC.”
Additionally, the PCB expects to obtain one other Rs 3 billion from the ICC after the audit.
The PCB had initially focused Rs 2 billion in earnings from the Champions Trophy, however they surpassed this objective. The officers claimed that the PCB’s complete income for the 2023-24 fiscal yr reached Rs 10 billion, a 40% improve from the earlier yr, putting the PCB among the many high three richest cricket boards on this planet.
“With this financial strength, PCB now ranks among the top three richest cricket boards in the world,” Mir added. “The board has also paid Rs 40 million in taxes.”
Murtaza acknowledged that PCB chief Mohsin Naqvi performed a key function in revising the fiscal targets and enhancing the board’s monetary efficiency. “The remaining funds will be used to further improve these and other stadiums, including those in Karachi, Faisalabad, and Rawalpindi,” he famous.

The PCB had a number of monetary investments, and the price range for stadium upgrades was set at Rs 18 billion, with Rs 12 billion allotted for Phase one, of which Rs 10.5 billion has already been spent.
The remaining funds will probably be used to additional enhance stadiums in Karachi, Faisalabad, and Rawalpindi.
The CFO stated that the PCB had accomplished main renovations in simply 4 months, making certain that venues now meet worldwide requirements. Regarding the discount in salaries of home males’s and ladies’s gamers, Mir stated Chairman Naqvi had reversed the choice to chop their salaries.
Concerning the PCB’s absence from the ultimate phases of the ICC Champions Trophy, the officers acknowledged that they’re nonetheless awaiting a full clarification from the ICC.