Get the app

PCB Loses Millions Due to Irregularities in First Two PSL Editions

Massive irregularities that resulted in the loss of millions of rupees for Pakistan Cricket Board (PCB) have been found in the first two editions of the Pakistan Super League (PSL).

IANS |September 18, 2019, 1:21 PM IST
PCB Loses Millions Due to Irregularities in First Two PSL Editions

Massive irregularities that resulted in the loss of millions of rupees for Pakistan Cricket Board (PCB) have been found in the first two editions of the Pakistan Super League (PSL).

In the special audit report on first two PSL editions, Auditor General of Pakistan has highlighted irregular payments to franchises, irregular advance payment to vendors, non-recovery of due from franchise, TA/DA to journalists and the members of Board of Governors, reports the Dawn.

According to the report, PCB had to face a loss of Rs 248.615 million due to irregular payments to franchises in excess of agreed share of central pool.

In the report presented before Pakistan's National Assembly on Monday, it was found that the cricket board also faced loss due to irregular award of compensation to the PSL franchises of Rs 54.490 million while unjustified auction of franchise caused loss of $11 million.

In the audit report, it is further stated that the PCB did not recover amounts due from franchises worth Rs 32.050 million and that there was irregular excess expenditure on production of PSL-II final without proper estimation of Rs 18.880 million.

The report from the Auditor General has also claimed that the PCB made unauthorised and unlawful transfer of PSL funds of Rs 145.148 million into third party bank accounts outside Pakistan.

PCB suffered from a loss of Rs 13 million due to non auction of commercial broadcast rights, it added.

Related stories

Six PSL Franchises Refuse to Submit Bank Guarantees
Cricketnext Staff | September 8, 2019, 7:07 PM IST

Six PSL Franchises Refuse to Submit Bank Guarantees

Wahab Riaz Takes Indefinite Break From Red-ball Cricket
Cricketnext Staff | September 12, 2019, 8:53 PM IST

Wahab Riaz Takes Indefinite Break From Red-ball Cricket

Pakistan Women's Tour of India Could be Cancelled: PCB Official
Cricketnext Staff | September 12, 2019, 11:22 PM IST

Pakistan Women's Tour of India Could be Cancelled: PCB Official

Also Watch

Team Rankings

Rank Team Points Rating
1 India 4027 115
2 New Zealand 2829 109
3 South Africa 2917 108
4 England 4366 104
5 Australia 3270 99
see more
Rank Team Points Rating
1 England 6745 125
2 India 7071 122
3 New Zealand 4837 112
4 Australia 5543 111
5 South Africa 5193 110
see more
Rank Team Points Rating
1 Pakistan 7748 277
2 England 4253 266
3 South Africa 4720 262
4 India 8620 261
5 Australia 5471 261
see more