Overview
- The Pakistan Cricket Board sent legal notices to PSL teams, broadcasters and sponsors to clear overdue payments or face contract termination, and several franchises settled their fees after the warning.
- Officials say a major rights holder still owes about PKR 4.5–4.7 billion, which has stalled the board’s account settlement and delayed audits.
- To cut the risk of fresh shortfalls, the board secured a bank guarantee from the new PSL 11 media-rights holder that can be cashed if invoices go unpaid.
- The rights buyer let channels tied to the defaulting company air matches through sublicensing, creating circular exposure that strained the league’s cash flow.
- Franchises that paid their fees are pressing for central-pool shares from past seasons, including PKR 40–45 crore from 2025, even as the PCB now must guarantee about PKR 850 million per team for the next five editions.