PCB issues warning to PSL franchises

PCB issues warning to PSL franchises

Differences between the Pakistan Cricket Board (PCB) and The Pakistan Super League (PSL) Habib Bank Limited (HBL) franchises continue to be fostered, raising concerns in the next edition of the league. Pakistan Cricket Board PCB issues warning to PSL franchises, according to the details, PCB officials have not yet addressed the reservations of HBL PSL owners despite repeated promises.

The problems have created an air of mistrust between the parties involved. The issue that should have been resolved through diplomacy has now worsened because of a hard-line stance from the PCB. The PCB is sending constant letters to HBL PSL franchises to deposit bank guarantees; However, no franchise has completed the task so far.

PSL franchises are demanding their due participation, since the previous edition of the league. More than six months have passed. However, the HBL PSL 4 financial report has not finalized. Legally, franchisees should have already received their shares.

The severity of the matter can be measured through emails sent by the PCB to franchise owners. Officials have made it clear that the inability of franchises to deposit bank guarantees would have severe implications for the draft process.

“The fact that franchisees do not send bank guarantees to the PCB will have serious implications for the draft process that will not be hosted on schedule. All franchisees are instructed to send bank guarantees within 10 days. Otherwise, action would be taken,” the email said.

The owners of the franchise are also distressed by the conflict-of-interest rule and then its subsequent elimination with the appointment of Misbahul Haq as head coach and national side selection chief. He will also participate in the league as a coach.

The new PSL administration has failed to resolve outstanding issues affecting the league. PCB President Ehsan Mani had handed over the role of managing the league to PCB Executive Director (CEO) Wasim Khan. The CEO, in turn, gave the responsibility of managing the league to Commercial Director Babar Hamid, who until now has not been able to find a friendly solution.

Read More: Pakistani team sweats it out ahead of Sri Lanka series, Training Camp