Karachi: PCB Chairman Najam Sethi has said that the media values of all six franchises and PSL assets were going up phenomenally with the cumulative media value of the PSL league now estimated at Rs 3 billion.
Sethi further added that the PCB will be starting the bidding process for the next three year cycle and record breaking numbers are expected as indicated by Nielsen Sports, who are rated amongst the top analysis firms in the sporting world.
Sethi spoke while addressing PCB’s Annual General Meeting, where he has been unanimously given unqualified vote of confidence in the meeting held in Lahore on Tuesday.
The vote of confidence resolution by the regional presidents was presented at the meeting by regional presidents which according to PCB, has been endorsed by the entire general body.
Meanwhile, the AGM 2018 accepted the request by Gawadar Cricket Association for grant of Associate Membership.
The general body members congratulated the PCB Chairman and officials on the successful run of the national team especially in the T20 format, the outstanding growth of the Pakistan Super League (PSL) and the return of international cricket in the country.
Sethi announced a special grant of Rs 50 million for the promotion of the game in remote areas across the country, besides this figure the annual expenditure on Regional and District cricket has been increased by Rs 100 million. In the last fiscal year 2017-2018, Rs 300 million was allocated for the same purpose.
He also proposed a two-day session prior to the next AGM in order to ensure the hearing and resolution of the grievances by the General Body members. The proposal was unanimously accepted by the members.
The General Body appreciated the PCB initiatives of reviving Inter-School and Inter-Club Tournaments across the country, the General Body members advised the PCB on the possible improvements in future editions of these two tournaments.—ppi