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PSL franchises reaping profits finally

PSL franchises reaping profits finally

After the biggest and most successful edition of Pakistan Super League (PSL), franchises are set to make profits for the first time in four seasons of the event. Pakistan successfully managed to host eight matches in Karachi which is the biggest number of PSL matches hosted in Pakistan thus far.

According to sources, two times PSL champion, Islamabad United and along with this year’s winners, Quetta Gladiators have recorded profits in their books. Meanwhile, the two most expensive franchises, Lahore Qalandars and Multan Sultans, are almost confirmed to record financial losses yet again.

The reason behind earning profits is the new broadcasting and title sponsorship deals penned by the Pakistan Cricket Board (PCB), which can generate income of $2.2 million in the central pool that will be distributed among the franchises. PCB signed a three-year broadcasting deal worth $36 million, while they sold the title sponsorship for $14.3 million for the same period.