LAHORE: Pakistan Cricket Board (PCB) has announced that the six Pakistan Super League (PSL) franchises have accepted the offer, which was presented to them during last month's Governing Council meeting in Lahore.

Some of the salient terms of the offer, which the six franchises have accepted, include Covid-19 relief for HBL PSL-5 and 6; upward revision of central pool of Revenue in favour of the franchises for HBL PSL 7-20.

PCB Chairman Ramiz Raja said, "The longstanding matters between the PCB and the franchises were causing distraction and affecting the reputation of the brand. I am delighted that all matters have finally been resolved, which is a big step forward in building stronger relationship with the franchise owners as we look forward to working with them to take the HBL PSL to greater and unprecedented heights."

The franchise owners, in a joint statement said, "HBL PSL is very close to our hearts. Since 2016, we all have worked very hard to bring it to where it is today. The acceptance of the PCB offer is an indication of our commitment and resolve to making the HBL PSL a bigger and better league that is participated by the best players, commercially supported by the elite companies and watched live by the passionate cricket fans in Pakistan as well as globally."

Copyright Business Recorder, 2021