The Pakistan Cricket Board has claimed that it has made huge profits from hosting the Champions Trophy. The board said that it would get 10 million US dollars (280 crore Pakistani rupees) from this tournament, in which the Indian team became the champion.
According to PCB spokesperson Aamir Mir and Chief Economic Officer Javed Murtaza, all the expenses of the tournament were borne by the ICC. Quoting Mir, PTI said, 'All the expenses of the tournament were borne by the ICC. Apart from this, we hope to get Rs 3 billion from the ICC after the audit.'
PCB joins the top three
The PCB had initially set a target of earning Rs 2 billion from the Champions Trophy, but they were successful in exceeding it. Officials claimed that the total revenue of the PCB crossed 10 billion in the financial year 2023-24, which is 40 percent more than last year. Due to this, the PCB was able to make it to the top three richest cricket boards in the world.
Mir said, 'With this financial strength, PCB has made it to the top three richest cricket boards in the world. The board also paid taxes of Rs 4 crore.' Murtaza said that PCB chief Mohsin Naqvi played a major role in changing the financial target, which improved the financial performance of the board.
PCB will improve the condition of the stadium
Murtaza said, 'The remaining funds will be used to improve the condition of other stadiums including Karachi, Faisalabad and Rawalpindi. PCB had many other financial investments and the budget for upgrading the stadium was Rs 18 billion. Rs 12 billion was allocated for the first phase, out of which Rs 10.5 billion has been spent.
The CFO said that PCB completed major improvement works in just four months and ensured that the venues meet international standards. Regarding the pay cuts of domestic men and women players, Mir said that chairman Naqvi has withdrawn the decision to cut their salaries.
Regarding PCB's absence from the final stages of the ICC Champions Trophy, officials said they are still waiting for a full clarification from the ICC.
In IPL 2025, a match was played between Lucknow Super Giants and Sunrisers Hyderabad on Monday. I
The Indian team won the Asia Cup 2025 title by defeating Pakistan by 5 wickets in the final. Foll
A major accident occurred near Delhi's historic Red Fort on Monday evening. A car exploded near t
India-Bangladesh relations have been going through a rough patch since the ouster of Sheikh Hasin
PM Modi recently made many big announcements on the occasion of Independence Day on 15 August. Th
The Asia Cup 2025 will start on September 9, and the Indian team has not been announced yet. It i
Pakistani propaganda has been exposed among the member countries of OIC. After Operation Sindoor,
Air pollution levels in the national capital, Delhi, continue to remain alarming. According to th
Prime Minister Narendra Modi arrived in Oman on Wednesday, the final leg of his three-nation tour
It was natural to celebrate in Bengaluru after the victory of Royal Challengers Bangalore (RCB),
