da dobrowin： Pakistan Cricket Board (PCB) financial losses this year likely to soarto almost $35million after New Zealand’s decision not to undertake thetour due to events in United States
14-Sep-2001Pakistan Cricket Board (PCB) financial losses this year likely to soarto almost $35million after New Zealand’s decision not to undertake thetour due to events in United States.After the PCB suffered a massive $15million loss earlier this yearafter India refused to cross borders for a three-Test and as many oneday international series, Pakistan is estimated to have lost$15million from the profits of the Asian Test Championship followingIndia’s withdrawal.The New Zealand series cancellation is likely to cost the PCB around$10million through title sponsorships, television rights and groundhoardings.The director of the PCB, Brig Munawar Rana, admitted that the loss infinancial terms was tremendous. “We have lost more than expectations.But I would hate to give a figure or even hint an estimated loss.”With the PCB’s earnings almost nil this year, the most importantquestion is how long it can sustain itself and continue to spendlavishly on more than half a dozen foreigners on its books and variousprojects.Needless to say that the PCB is already heavily over-staffed with morethan two dozen highly paid officials working at Lahore. Recently, thePCB appointed three selectors on handsome salaries.The PCB are without a sponsor and most of its current income, if any,is because of old contracts the predecessors of the presentadministration signed. It is probably time that the PCB slashes itbudget by at least 50 per cent.