By Zainab Shafiq 
The eighth edition of the Pakistan Super League (PSL) has proven to be a lucrative venture, generating revenue exceeding PKR 5 billion. Under the ‘5-95’ profit sharing formula, the Pakistan Cricket Board (PCB) and the six franchises will receive a 5% and 95% share, respectively.
As per Cricket Pakistan’s information, the total revenue from the event amounted to Rs5.62 billion. The PCB’s share from this figure stands at Rs582,534,480, while the total share allocated to the franchises is Rs5,046,776,989.
Dividing this amount among the six participating franchises, each team is entitled to approximately Rs841,129,498. However, these figures are subject to deductions for expenses, which can range from 40 to 55 percent.
According to the agreed terms, the franchisees are responsible for 95% of the TV production costs. It was decided that 50% of the profit should have been paid by July 5th, but the franchises have yet to receive an update on this matter. In May, 40% of the payment was already due, and the PCB had provided the calculations to the franchises. However, disagreements arose on various issues. The remaining 10% payment is scheduled to be made by December 10th.
Sources indicate that a meeting has been scheduled for Thursday, involving the Chief Financial Officers (CFOs) of the franchises. It is anticipated that progress will be made during this meeting, as the franchise owners are dissatisfied with the current state of affairs within the league. They are keen on having a discussion with Zaka Ashraf, Chairman of the PCB Management Committee, who is currently attending ICC meetings in South Africa. Once he returns, a meeting with him is planned.
It is noteworthy that Lahore Qalandars emerged as the champions of the eighth edition of the Pakistan Super League, securing the trophy for the second time after a thrilling victory over Multan Sultans by a margin of just one run.