PCB’s worst move? Spent 869 billion but earned only 52 crores

 Pakistan hosted an ICC event after 29 years. It was hosted by the Champions Trophy. But the Pakistan Cricket Board had to take over the hosting of it. Pak cricket has suffered heavy losses. This proved to be a financial and logistical failure. Because the Pakistan Cricket Board (PCB) suffered a loss of 85 percent after playing just one match. Pakistan had spent around INR 869 crore against New Zealand. 

PCB spent PKR 18 billion to improve the three stadiums Rawalpindi

According to a report in The Telegraph, the PCB spent PKR 18 billion (about Dollar 58 million) to improve the three stadiums Rawalpindi, Lahore and Karachi  which was 50 per cent more than their budget. In addition, 40 million dollars were spent on preparations for the event. However, he only earned Dollar 6 million, which came from hosting fees, ticket sales, and sponsorships. This means that the PCB incurred a loss of around Dollar 85 million.

Eight matches were canceled due to rain Pakistan 

Moreover, the Mohammad Rizwan-led side played just one match at home, which was against New Zealand at the Gaddafi Stadium in Lahore. Their next match, which was to be held against Bangladesh in Rawalpindi, was abandoned without a toss. Two of the remaining eight matches played in Pakistan were also canceled due to rain.

National T20 Championship

The report also said that the players faced this "financial failure". In the National T20 Championship, match fees were reduced by 90 percent, and reserve players' fees were reduced by 87.5 percent. Players who earlier used to stay in five-star hotels were now forced to stay in cheap hotels, while the administrators continued to take their lakhs of salaries.

The PCB had recently reduced the match fee

Pakistani newspaper Dawn reported, "The PCB had recently reduced the match fee from Rs 40,000 to Rs 10,000 without any official announcement, but PCB Chairman Mohsin Nawavi reversed the decision and directed the board's domestic cricket department to revisit it. Although the PCB has not yet officially disclosed the revised amount, according to sources, it has been fixed at Rs 30,000 per match, which is Rs 10,000 less than last year.