Image courtesy of: ESPNcricinfo
Pakistan Cricket Board (PCB) chairman Shaharyar Khan has revealed that the board incurred losses of approximately USD 200 million as a result of the Board of Control for Cricket in India’s (BCCI) refusal to play bilateral series in Pakistan.
The PCB and BCCI signed a Memorandum of Understanding, which stated that the two nations would play six series between 2015 and 2023.
But, since the BCCI seem to have no interest in playing Pakistan, Shaharyar revealed that the PCB will take legal action against their Indian counterparts once a new draft constitution is put into effect by the International Cricket Council (ICC). The constitution is likely to be approved in April.
“I informed the BCCI representative at the International Cricket Council (ICC) meeting recently that PCB had incurred losses of around USD 200 million because of India’s refusal to play us and these losses were mounting as the BCCI was not even honouring a legal agreement to play bilateral series between 2015 and 2023,” Shaharyar told reporters in Lahore. “The new draft constitution has a clause for a disputes resolution committee and once the constitution is final we intend to take our case against the BCCI first to this committee.”
Shaharyar added that the BCCI representative at the ICC meeting told him the board have to get government clearance before agreeing to play against Pakistan.
But, the 82-year-old was less than satisfied with the response as he feels the BCCI shouldn’t have signed the Memorandum of Understanding if they knew their government would not let them take on Pakistan.
“I told him that they should have thought about their government before signing the MoU which is a legal agreement as per our lawyers,” he said. “I told him that India had denied us two home series the losses of which were around USD 200 million.”
The PCB chairman also expressed his frustration at the fact that the BCCI still stand to receive the most revenue from the ICC even after the termination of the ‘Big Three’ governance and financial system.
“Even under the new draft constitution India gets around 16 percent share of all ICC earnings which is higher compared to other boards,” he said. “Under the Big Three formula India, Australia and England were taking home more than 50 percent of the revenues with other boards getting far less.
“It was not an equitable system of revenue distribution and we only agreed to it because India agreed to sign the MoU and play six bilateral series with us which would have allowed us to get financially stronger.
“Their representatives appointed by the Lodha Committee asked for the matter to be deferred to the next ICC meeting in April, but we pushed through the draft constitution which should be ratified in April after all Boards give their views on it and enforced by June.”