PSL 2023 records staggering revenue of over PKR 5 billion
PCB and PSL franchises share a 5% - 95% profit-sharing revenue.
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The eight edition of the Pakistan Super League (PSL) garnered massive success in terms of revenue as the Pakistan Cricket Board (PCB) generated PKR 5.62 billion in 2023. The apex cricket board has a profit-sharing formula of ‘5-95’ with the franchises, which essentially means that the PCB would earn 5% whereas the teams would get 95% of the share.
The revenue is generated from the title sponsorship, broadcasting, gate money, and other rights. The television broadcast deal is one of the major contributors to the league’s revenue which includes both domestic and international markets.
The apex board earns in bumper amounts through franchise fees from the PSL. However, the participating teams have raised their objections with the accounts which includes ticketing, among other aspects.
The board is already in talks to hold the next edition of the league in February and March, 2024. As the league could clash with the home series against West Indies, the board officials have informed the teams that they are likely to reschedule the international matches to have room for PSL 2024. New franchises and a Women’s league is in the pipeline for the next season, however, no official confirmation has been made in the regard.
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