NEW DELHI: The Pakistan Cricket Board (PCB) has introduced that it’s set to earn a revenue of roughly USD 10 million by internet hosting the Champions Trophy, the place the Indian crew emerged because the champion.
In response to PCB spokesperson Aamir Mir and Chief Monetary Officer (CFO) Javed Murtaza, all bills for the match have been coated by the Worldwide Cricket Council (ICC).
“All bills for the match have been coated by the ICC,” Mir, as quoted by PTI, stated on Thursday. “Moreover, after the audit, we anticipate to obtain one other Rs three billion from the ICC.”
Moreover, the PCB expects to obtain one other Rs three 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 whole income for the 2023-24 fiscal yr reached Rs 10 billion, a 40% improve from the earlier yr, inserting the PCB among the many high three richest cricket boards on the earth.
“With this monetary power, PCB now ranks among the many high three richest cricket boards on the earth,” Mir added. “The board has additionally paid Rs 40 million in taxes.”
Murtaza said that PCB chief Mohsin Naqvi performed a key function in revising the fiscal targets and bettering the board’s monetary efficiency. “The remaining funds might be used to additional enhance these and different stadiums, together with these in Karachi, Faisalabad, and Rawalpindi,” he famous.
The PCB had a number of monetary investments, and the finances for stadium upgrades was set at Rs 18 billion, with Rs 12 billion allotted for Part one, of which Rs 10.5 billion has already been spent.
The remaining funds might 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, guaranteeing that venues now meet worldwide requirements. Relating to the discount in salaries of home males’s and ladies’s gamers, Mir stated Chairman Naqvi had reversed the choice to chop their salaries.
In regards to the PCB’s absence from the ultimate phases of the ICC Champions Trophy, the officers said that they’re nonetheless awaiting a full rationalization from the ICC.
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