Pakistan stands to lose $2.75m despite getting CT hosting fees
International Cricket Council’s promise to pay them the hosting fees notwithstanding, Pakistan Cricket Board stands to lose at least $2.75 million after Champions Trophy was relocated from the country last month.
Sources in the board said the $3 million it has been promised by the ICC is actually participating fees and PCB is actually set to lose its hosting fees.
“It is a wrong impression that Pakistan could get $6 million hosting fees. Pakistan is guaranteed, like every other participating country, $3 million as participation fees, another $750,000 for gate money receipts and $2 million as the hosting fees,” the source said.
But the ICC has confirmed only the $3 million participation fees for the Pakistan board and no understanding or agreement had been signed on the remaining $2.75 million, he claimed.
The ICC executive board decided last month that due to security conditions the Champions Trophy would be relocated from Pakistan and a new venue would be announced in March/April for the eight-nation event.
The ICC had also said that because Pakistan was being deprived of the tournament it would still get the hosting fees even if the tournament was held elsewhere.
