The Pakistan Super League, the country's franchise-based Twenty20 tournament, has been indefinitely postponed for the organisers to sort out logistical issues. The PSL, which is run by the Pakistan board, was supposed to be held between March 26 and April 7 in Pakistan but a PCB statement said the delay was to give investors more time to submit bids and also to avoid scheduling conflicts with other cricket tournaments.
The decision was taken on Friday after PCB chairman Zaka Ashraf met the Pakistan interior minister Rehman Malik in Islamabad. The postponement wasn't revealed in the press conference that followed the meeting but in a detailed press release that was subsequently issued. The PCB has formed a committee to look for a slot more feasible to the investors to reschedule the tournament.
"The decision to move away from the planned dates of the PSL is an extremely difficult one but for the benefit of all stakeholders and the league," PSL managing director Salman Sarwar Butt said. "The PCB management has decided to reschedule the event and move it to a period where there are fewer scheduling conflicts, and the stakeholders get enough time to develop their business plans."
The PSL business model - unveiled on January 10 - was expected to fetch the PCB "in excess of $100 million over the years." It was to feature five teams and 23 matches, to be played at a single, as yet undisclosed, venue. The PCB had also announced the base prices of players at a proposed auction though they didn't reveal the pool of players who had signed up for the tournament. The board also invited bids for the broadcasters and had been confident of lining up investors for the franchises within a month.
"Over 15 potential franchise buyers, around 10 top broadcasters and various potential sponsors from large business houses have collected the bid documents and shown extremely keen interest in acquiring respective rights," Butt said. "However, there are several other investors who would like us to give them more time for our various rights."
Launching the PSL wasn't a straightforward business for the PCB as no international cricket has been played in Pakistan since a terrorist attack on the Sri Lankan team bus during a Test in Lahore in 2009, and the country is still struggling with its law and order situation. The PCB itself has been hosting home series away from home, mostly in the United Arab Emirates, and no country is ready to provide No Objection Certificates (NOC) to its players for featuring in the PSL.
The Federation of International Cricketers' Associations (FICA) had also raised concerns over the security situation in Pakistan and warned players against taking part in the PSL, calling it an unmanageable risk. The original schedule would have also clashed with the pre-poll campaigns ahead of general elections expected to be held in May.
ESPNcricinfo understands that there were suggestions to stage the PSL outside Pakistan but the PCB decided to keep it in the country, in line with the league's stated objective of "improving the image of the country and revival of international cricket".
"There is no way we are backing down from our major objective," Ashraf said. "We are extremely encouraged by various stakeholders including the broadcasters and financiers from across the world and looking at the response it gives us a lot of confidence that our league is a success. We envisage that as suggested, the shift in our timelines will drive more interested stakeholders towards PSL and make this one of the most sought after league in the cricketing world."
The PCB and PSL Management after thoughtful deliberations with stakeholders and considering the desire expressed by them to give more time to prepare to invest in the League, arrived at the following conclusions:
1. The concerns expressed by the stakeholders on tight timelines for submission of bids and leveraging of assets, hold merit.
2. Several requests are coming from other parties keen on picking up bid documents to become part of this extravaganza and hence more time given will benefit the League and all stakeholders.
3. While a lot of progress has already been made in getting tax exemption for PSL (broadcasters, franchise, players, investors) from the government, it seems that finalization of this approval would take some more time due to procedures involved at relevant authorities,and the bid process would already be concluded by the time tax exemptions are granted. This could impact upon the valuations done by various bidders.
4. Over 80 foreign players (and growing) have already signed to participate in PSL auction but the process of NOCs from the relevant boards is still underway and would require some time.
5. Some scheduling conflicts that arose after PSL dates were announced could result in potential star players missing out on the opportunity of participating in PSL.
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Rescheduled indefinitely, in other words, not happening anytime soon.
The PCB management has decided to reschedule the event and move it to a period where there are fewer scheduling conflicts, and the stakeholders get enough time to develop their business plans.- This basically means PCB needs more time to beg and plead players to come to Pakistan.
move it to a period where there are fewer scheduling conflicts, - PCB has decided to host 3 day event from Feb 29th-31st.
The PSL business model - unveiled on January 10 - was expected to fetch the PCB "in excess of $100 million over the years." - Yeah, in next 100 years.
It was to feature five teams and 23 matches, to be played at a single, as yet undisclosed, venue. You are trying to host an event in an undisclosed venue ?? In some secret cave in Abbottabad ?
The PCB had also announced the base prices of players at a proposed auction though they didn't reveal the pool of players who had signed up for the tournament. - Cuz they have none to declare !!
Over 15 potential franchise buyers, around 10 top broadcasters and various potential sponsors from large business houses have collected the bid documents and shown extremely keen interest in acquiring respective rights," Butt said. "However, there are several other investors who would like us to give them more time for our various rights."
- 10 broadcasters ?? Really ?? Who are they ?
All I hear potential, several, undisclosed, proposed, did not reveal, supposed to blah blah blah.
Nothing concrete, nothing definite, nothing substantial.
But one thing PCB should get credit for is the way they write these press release/memo/ news.
Very professional and well written and exactly how it should be done. Conceals all fault and use optimistic positive words for the fans to look out for something.Unless you can read between the lines, you'd almost believe them.
Verily, in the remembrance of Allah do hearts find rest [Al-Qur'an,13:28]
The sudden decision of the Pakistan Cricket Board to postpone it's much-hyped Super League T20 has left many players, who were stopped from playing in the Bangladesh Premier League, disappointed and upset.
The PCB didn't issue NOCs to around three dozen Pakistani players, many of them notable names, in January to play in the BPL after franchises brought them for handsome amounts in the players auction for the second edition of the BPL.
The PCB took its stand in apparent retaliation to the refusal of the Bangladesh cricket board to not send its team to Pakistan in January because of security fears.
"Now what will happen to our lost earnings. We were hoping that we will be compensated through the PSL but now only god knows when it will be organized," a leading player told PTI on Saturday.
The general reaction from cricketers was that the PCB should have allowed the players to play in the BPL and earn some good money.
Koi, koto kotha shunlam na Afridi ar Nazir er kas theke...baap ke insult korle, takar jonno khelbo na. Looks like BCB cares more for the orphans than their own dead beat biological father!
Reminds me of this classic scene from the Fresh Prince:
Originally Posted by ankur86
A very sad news. ipl and bcci will not allow anyone organise a good tournament.
You Pom Phakistan ?
What Does BCCI or IPL have to do with PSL and it's security situation ?
Well if you want to give credit to someone, you can give it to BPL & BCB ... Bcoz they are the reason for Pakistan to act insane by not providing NOC and went over board declaring PSL prematurely to show off and to keep the players quiet.... They have also set a valuation for a league, which hasn't even taken any shape... Pakistanis are Master bullshxtters,. .. Til ke Tal banate number one...
PSL got no support from anywhere...nobody committed except some umpires and that too they would need clearance from ICC ... If they got 15 bidders for 5 teams, that's more than competitive, but they say they want to wait for more.... and Zaka postpones it after a meeting with the interior minister, so it's security that was the final nail.
I'm now worried about SA series, if they will touch new lows...