Key points
- PCB has earned Rs3 billion from ICC Champions Trophy: Officials
- PCB ranks among the top three richest cricket boards globally: Spokesperson
- PCB has paid Rs40 million in taxes: Officials
ISLAMABAD: The Pakistan Cricket Board (PCB) spokesperson Aamir Mir and Chief Financial Officer (CFO) Javed Murtaza have rejected reports of financial losses from hosting the ICC Champions Trophy, saying that the tournament contributed significantly to the board’s revenue.
Speaking at a press conference, the PCB spokespersons rejected claims made in Indian media, asserting that the board earned Rs 3 billion from the event.
“All expenses for the tournament were covered by the ICC,” Mir said. “PCB generated revenue through gate money and ticket sales, and after the audit, we expect an additional Rs 3 billion from the ICC.”
ICC Champions Trophy
The spokesperson stated that the initial target of Rs 2 billion for PCB to earn from the ICC Champions Trophy will be surpassed, according to The Express Tribune.
He credited PCB Chairman Mohsin Naqvi for improving the board’s financial position, revealing that total revenue for the 2023-24 fiscal year reached Rs 10 billion—marking a 40 per cent increase, according to media reports.
“With this financial strength, PCB ranks among the top three richest cricket boards globally,” he said. “The board has also paid Rs 40 million in taxes.”
Murtaza further said that Mohsin Naqvi was crucial in revising set targets for the fiscal year, showcasing his involvement in the process.
Stadium upgrades
Mir has also highlighted the rapid renovation of stadiums, stating that PCB completed significant upgrades in just four months. “After 29 years, a major stadium upgrade was undertaken, ensuring that venues met international standards,” local media cited him as saying.
Murtaza provided further details on PCB’s financial investments, confirming that the budget for stadium upgrades was set at PKR 18 billion.
