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).