Pakistan had hosted the Champions Trophy after 29 years with great desires. Pakistan Cricket Board (PCB) hoped that the event would make it a strong profit, but the opposite happened. According to reports, PCB suffered a loss of about 85% in this tournament. Pakistan spent Rs 869 crore (about $ 100 million) on the event, but the earnings from this event were extremely low. The worst thing is that on its own land, Pakistan got only one match.
Crores spent on preparations, but heavy losses
PCB spent $ 58 million (about Rs 480 crore) to upgrade three stadiums in Rawalpindi, Lahore and Karachi for the Champions Trophy, which was 50% higher than its fixed budget. In addition, $ 40 million (Rs 330 crore) was spent in the preparations for the event. But the earnings were only $ 6 million (Rs 50 crore), which came from hosting fees, ticket sales and sponsorship.
In this way, PCB suffered a huge loss of $ 85 million (Rs 700 crore) in the event.
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Rain also spoiled the game, Pakistan could play only one match
The Pakistan team captained by Mohammad Rizwan played only one match at the home ground, which was held against New Zealand at the Gaddafi Stadium in Lahore. Subsequently, the match against Bangladesh in Rawalpindi was washed away due to rain. In addition, two other matches in Pakistan also had a shadow of rain, which had a poor impact on the tournament.
The impact of the loss on players, up to 90% match fees
Pakistani players suffered the brunt of this huge loss of PCB. According to reports, PCB cut the match fees of the National T20 Championship by up to 90%.
- Earlier players used to get Rs 40,000 per match, but now only Rs 10,000 is being given.
- Earlier cricketers were held in five-star hotels, but now they have to stay in budget hotels.
- However, the top officials of PCB are still taking a salary of crores, causing resentment among the players and fans.
PCB chairman intervened, yet doubt remains intact
Pakistani newspaper Dawn According to the report, PCB had reduced domestic match fees from 40,000 to Rs 10,000 without any official announcement. However, PCB chairman Mohsin Naqvi expressed displeasure over the decision and sent the matter again for review.
According to sources, the new match fee can be up to Rs 30,000 per match, which will be less than Rs 10,000 than last year. However, PCB has not yet announced any official announcement.
