Menu
Finance

Pakistan Super League Chair Announces $2.6M Profit In First Season

Pakistan Super League Chair Najam Sethi on Tuesday disclosed that a profit of $2.6M was made on the first edition of the league and termed it as "a great achievement for the Pakistan Cricket Board," according to DAWN. Sethi said, "When we were planning on launching the league, we didn't expect any profit. But, thankfully the first edition of the league was profitable for the PCB. And although initial reports suggest the franchises may have suffered losses, we will accommodate them." While the PCB board of governors was "reluctant to give Sethi the green light as they feared huge losses on a heavy investment, the profit earned now means Sethi has cemented his place as PSL chairman." Sethi: "I promised I will disclose details of the PSL funds. We were successful in every aspect -- the ratings were high, thanks to our state-of-the-art production, while our upcoming players got an opportunity to rub shoulders with the top players in the world. Furthermore, we sold our franchises for $9.3 million, $3 million more than we’d earlier predicted." Sethi added that the PCB board of governors allowed the PSL to include a sixth franchise from the next edition even though there were "objections from the other five franchises" but "they could be convinced" (DAWN, 5/3).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/05/Finance/Pakistan-Super-League-Profit.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/05/Finance/Pakistan-Super-League-Profit.aspx

CLOSE