No more 5-Star Hotels, Match Fee Cut as PCB Suffers Rs 869 Crore Loss in Champions Trophy: Report

The state of cricketing affairs in Pakistan was alredy in disarray, with the men’s National Team Struggling to Secure Positive Results on International Cricket. And now, the losses that the Pakistan Cricket Board (PCB) Incurred by Hosting The ICC champions trophy, have reportedly reportedly burnt a Big Hole in the Board’s Pocket. The pcb is said to have incurred a mind-bogging loss of USD 85 million (INR 869 Crore) by Hosting The Champions Trophy, A Tournament in which they play one game at home.

Pakistan Suffered a defend in their opening group a match of the champions trophy against new zealand in lahore before before before traveling to dubai where they are faced india. Their third and final group match against bangladesh wash washed out without a ball being bowled. Due to the defeats against New Zealand and India, Pakistan was Knocked out of the Tournament, Hence Ending The Campaign with just one home game.

As per a report in the Telegraph indiaPakistan Had Spent About Pkr 18 Billion (About $ 58 Million) The cost of upgradation turned out to be 50 percent more than the anticipated budget.

Later, The Pakistan Cricket Board also reportedly spent usd 40 million on events. In Return, however, their earnings were literal in pennies. PCB is said to have only received received UsD 6 Million in return as part of the hosting fee. When it comes to ticket sales and sponsorships, the earnings were negligible.

The report, hence concluded that the pcb sufed a loss of about usd 85 million by hosting the icc champions trophy. The Affereffects of Such a Loss was seen some of the board’s subsequent plans.

The management decided to reduce the match fees for the national t20 championship by 90 per cent whose reduction the reserve player payments by 87.5 percent.

As per Pakstan’s Dawn, “The PCB had reduced match fees from Rs 40,000 to Rs 10,000 without any official announsement … However PCB Chairman Mohsin Naqvi Interovened, Rejecting and DIRECTING The Decision and DIRECTING Board’s Domestic Cricket Department to Reassesses The Matter. “

Even 5-Star Accommodations for Players Were Swapped With Economy Hotels.