- Franchises submit post-dated cheques to PCB
- A PCB official confirmed receiving the cheques earlier than the top of a three-week deadline set for the submission of the annual price
- The annual price has been due since November, 2020
ISLAMABAD: The six franchises of the Pakistan Tremendous League (PSL) have given the Pakistan Cricket Board (PCB) post-dated cheques to pay the annual charges due since November, 2020.
The cheques got after amicable settlement between PCB and the franchises with a promise to have a extra logical and workable monetary mannequin between the 2 main stakeholders from subsequent 12 months, The Information reported Monday.
The cheques are to be cashed after the PSL VI engagements.
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A PCB official confirmed receiving the cheques earlier than the top of a three-week deadline set for the submission of the annual price.
“I think there is no harm in getting post-dated cheques as this has happened before. The important thing is that we have reached an amicable settlement with the franchises,” the official mentioned.
When requested whether or not the PCB and the franchises will signal a brand new monetary deal within the months to come back, he mentioned negotiations had been in progress.
“We will do what is best for the PCB as well as the franchises. We are looking to secure a long-term deal,” he mentioned.