Pakistan reaps $2.6 million profit from T20 league

2016-05-03 18:13
Cricket new (File)

Lahore - Pakistani cricket officials announced Tuesday an overall profit of $2.6 million from the country's first ever Twenty20 league.

The five-team franchise-based event was held in the United Arab Emirates earlier this year in an attempt to boost Pakistan's cricket standards, which have been badly hit by the suspension of international tournaments since the 2009 terror attack on the Sri Lanka team bus in Lahore.

Pakistan Super League (PSL) chairman Najam Sethi described the profit as a welcome sign.

"Fortunately we had a $2.6 million dollar profit but since the franchises incurred some losses we decided to give $2 million to them and reduced our profit to $0.6 million," Sethi said at a news conference.

He said around $6 million was earned from television rights and gate money.

Islamabad beat Quetta to win February's inaugural PSL, which featured top international players such as Chris Gayle, Darren Sammy, Shane Watson, Kevin Pietersen, Luke Wright and Shakib Al Hasan.

Sethi said a sixth team was likely to be added next year after negotiations.

"PSL was successful and there is huge demand to add one more team," he added.

Sethi said Pakistan's young cricketers would benefit from the PSL, just as the Indian Premier League had helped India, by allowing them to play alongside experienced international stars.

Read more on:    pakistan  |  cricket

What To Read Next


Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Under fire Proteas coach Russell Domingo has blamed player workloads and fatigue as the reason for the national team's woeful showing in the Tri Series in the Caribbean. Your thoughts?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.