हिन्दीಕನ್ನಡമലയാളംதமிழ்తెలుగు

PCB to get $400K per WC match it lost

Posted by:
Published: Thursday, February 3, 2011, 11:24 [IST]
 
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

PCB to get $400K per WC match it lost

Karachi, Feb 2: Pakistan Cricket Board (PCB) may have lost its share of World Cup 2011 matches due to flairing security concerns, but it still stands to gain from the snub. The PCB will be paid around USD 400,000 for every match it was supposed to host in the tournament.

The International Cricket Council (ICC) had moved away Pakistan's share of 14 matches and distributed them among the other three joint hosts - India, Sri Lanka and Bangladesh - but the PCB would still be paid the hosting fees.

Sources in the PCB told PTI that under the host countries agreement signed by the co-hosts with the ICC, all host countries will get around 400,000 dollars per match they host.

"The amount could be as high as USD 500,000 but the 400,000 dollars is confirmed," one source said.

"That was basically the solution worked out to the dispute between the PCB and ICC over the issue of hosting rights which led to the PCB sending a legal notice to the sport's world governing body after the shifting of the matches in 2009," the source said.

The matches, including a semifinal, were moved from Pakistan after the militant attack on Sri Lankan team in Lahore in March 2009.

The source said the ICC had, after Pakistan withdrew its legal notice, agreed that although no matches would be held in Pakistan due to security reasons, the PCB would be paid hosting fees per match.

The source said Pakistan would also get a share of revenues from gate receipts, ground advertising and sale of hospitality boxes at the venues where its share of matches would be held now in India, Sri Lanka and Bangladesh.

"Only the host nations get paid hosting fees by the ICC; the other participating nations will get their share of the overall revenues of the ICC from the World Cup," the source said.

The source added that the ICC had informed the PCB that its dues from the World Cup would be cleared 90 days after the end of the tournament according to procedures.

The source also said the ICC had also cleared most of the dues of the PCB it had held up last year due to the failure of the board to submit audited accounts of previous years including Pakistan's share of revenues from the ICC Champions Trophy and the T20 World Cup.

"So even though teams might not be touring Pakistan at the moment, the PCB would find itself in a healthy financial position after the World Cup," the source said.

Pakistan is due to play all six of its group matches at different venues in Sri Lanka and despite the ICC moving matches from Pakistan, leading companies and organisations have invested heavily in World Cup related campaigns promoting their brands.

PTI

Read more about: world cup 2011, pcb, icc
Write Comments