Back to news
Champions Trophy 2025: PCB Suffers Rs 869 Crore Loss, Wants To Cut Players' Fee, Perks
@Source: news18.com
The Pakistan Cricket Board (PCB) is facing a financial crisis following its hosting of the recent ICC Champions Trophy, with reported losses equivalent to the cost of a state-of-the-art F-35 fighter jet.
The PCB reportedly incurred losses of $85 million (£68 million) in hosting the tournament, a figure comparable to the average $82.5 million (£66 million) price tag of an F-35.
Despite significant investment in upgrading venues in Rawalpindi, Lahore, and Karachi, which exceeded the estimated budget by 50%, the PCB’s returns were minimal. Hosting fees amounted to a mere $6 million (£4.8 million), and income from ticket sales and sponsorships proved negligible.
Adding to the financial strain, Pakistan’s on-field performance was disappointing. After a loss to New Zealand in their opening match and a subsequent defeat against India, their final group match against Bangladesh was abandoned due to rain. This early exit meant Pakistan only played two matches, one of which was on home soil.
To offset these substantial losses, the PCB has come under fire for attempting to reduce player match fees by a staggering 90% for the upcoming National T20 Championship. Reserve players also faced a salary cut of 87.5%. However, PCB Chairman Mohsin Naqvi intervened, rejecting these drastic measures and urging the board to reconsider. In a further cost-cutting effort, players have been instructed to opt for more economical accommodation options.
Related News
14 Jun, 2025
Mason Melia penalty saved as Drogheda ho . . .
15 Mar, 2025
Kai Trump breaks silence after mom's Tig . . .
15 May, 2025
Major coup for Australian Open as McIlro . . .
20 Jun, 2025
Redefining safety and control on the roa . . .
23 Jun, 2025
Keegan Bradley stuns Tommy Fleetwood to . . .
03 Apr, 2025
What do Donald Trump US tariffs mean for . . .
29 Apr, 2025
Statin use may improve survival in patie . . .
05 Apr, 2025
"Tony Khan is probably crying," "TK cann . . .