PCB avoid bankruptcy
Chairman Najam Sethi has confirmed the Pakistan Cricket Board have avoided bankruptcy and are expecting to earn about $300 million by 2023.
Chairman Najam Sethi has confirmed the Pakistan Cricket Board have avoided bankruptcy and are expecting to earn about $300 million by 2023.
after getting assurances from test playing countries during an ICC board meeting in Dubai.
Sethi insisted the PCB would have been declared insolvent by 2016 had other Test-playing countries not committed to playing against Pakistan at an Internatoinal Cricket Council board meeting in Dubai earlier this week.
"We will be getting rupees 30 billion from the bilateral tours in which obviously the bigger role will be of India. We have signed Memorandum of Understandings with all of them, including India. Few of them had to cancel their agreements with others to play against us," said Sethi.
The United Arab Emirates has been Pakistan's "home" venue since terrorists attacked the Sri Lanka team bus in Lahore in March 2009. Pakistan have since "conditionally" supported the proposal of three major cricketing countries in bringing changes to the future governance and financial structure of the ICC.
"The problem is if we don't have home tours we don't earn money. When they come here or wherever we want to play against them we earn money from which our domestic cricket is being looked after," added Sethi.
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