Image courtesy of: The Hindu
Pakistan toured India in December 2012
The Pakistan Cricket Board (PCB) have revealed that they have lost approximately USD 80 million (Approx. Rs 482 crore) in its broadcast deal with Dubai-based Ten Sports after failing to host India for a bilateral series.
A senior official within the PCB stated that since Pakistan were unable to host India for a series within the four-year broadcast deal they had signed, the board has lost an estimated USD 80 million from its overall contract of USD 135 million (approx. Rs 814 crore).
“In our agreement with the broadcasters there was a clear clause that we had to play at least two home series with India in a four year cycle and it would have fetched us an estimated USD 80 to 85 million of the total deal of USD 135 million,” the official told PTI. “But unfortunately since we have not had any bilateral ties with India at home in this four-year cycle it has cost us a lot revenues.”
The official noted that when the PCB sign a new four-year deal in September, they will face the same problem once again as no international team is willing to tour Pakistan.
“Again broadcasters will want to have a escape clause if we don’t play India in a home series and it will cost us estimated revenues,” the official added.
The official also explained that the broadcasters did not mind if Pakistan hosted India at a neutral venue, but getting the Board of Control for Cricket in India (BCCI) to agree to a series has been extremely difficult.
“The issue is that the BCCI is not willing to even play at neutral venues since the Mumbai terror attacks,” the official said. “Political and other relations with India have also badly affected our cricket ties and our revenues.”
Pakistan recently toured India for a limited overs series in December last year and suspended PCB chairman Zaka Ashraf was looking into hosting India in August, but as things stand, the tour is highly unlikely to go ahead.
“To date we have still not got any compensation for that cancelled series from the Indians,” the official added.