Pakistan Super League: PCB suffers massive financial losses due to corruption in first two editions, according to Audit report

The Pakistan Super League was started in the year 2016 and has successfully seen four seasons so far. The tournament was inaugurated to promote cricket in Pakistan and to provide a platform for youngsters to showcase their talents.

Asian News International, Sep 18, 2019 15:14:29 IST

Islamabad: The Auditor General of Pakistan in the special audit report indicated massive corruption in the first two seasons of the Pakistan Super League (PSL).

The audit report of the year 2017-18 highlighted irregular payments to franchises, irregular advance payment to vendors, non-recovery of dues from the franchise, TA/DA to journalists and the members of Board of Governors, Dawn reported.

Pakistan Super League: PCB suffers massive financial losses due to corruption in first two editions, according to Audit report

Representative image. Image credit: Official Facebook page of Pakistan Super League

PSL was started in the year 2016 and has successfully seen four seasons so far. The tournament was inaugurated to promote cricket in Pakistan and to provide a platform for youngsters to showcase their talents.

The report, which was presented before the National Assembly on Monday, stated that Pakistan Cricket Board (PCB) had to face a loss of 248.615 million Pakistani rupees due to irregular payments to franchises in excess of an agreed share of the central pool.

According to the audit report, there were irregular excess expenditures on the production of PSL season two final without proper estimation of 18.880 million Pakistani rupees. PCB also faced loss due to irregular award of compensation to the PSL franchises of 54.490 million Pakistani rupees while the unjustified auction of franchise caused loss of $11 million. The report also revealed that PCB did not recover amounts due from franchises worth 32.050 million Pakistani rupees.

The report added that PCB made an unauthorised and unlawful transfer of PSL funds of 145.148 million Pakistani rupees into third party bank accounts outside Pakistan. The PCB faced a loss of 13 million Pakistani rupees due to non-auction of commercial broadcast rights.

Updated Date: Sep 18, 2019 15:14:29 IST






Rank Team Points Rating
1 India 4027 115
2 New Zealand 2829 109
3 South Africa 2917 108
4 England 4366 104
5 Australia 3270 99
6 Sri Lanka 3795 95
Rank Team Points Rating
1 England 6745 125
2 India 7071 122
3 New Zealand 4837 112
4 Australia 5543 111
5 South Africa 5193 110
6 Pakistan 5019 98
Rank Team Points Rating
1 Pakistan 7748 277
2 England 4253 266
3 South Africa 4720 262
4 India 8620 261
5 Australia 5471 261
6 New Zealand 4784 252