PCB to receive 400,000 dollars for each World Cup match moved from Pakistan

Friday, February 4, 2011

KARACHI - The Pakistan Cricket Board (PCB) will be paid around 400,000 dollars for every match it was supposed to host in the World Cup 2010, despite not hosting them anymore due to security concerns in the country.

The International Cricket Council (ICC) had moved away Pakistan’s share of 14 matches and distributed them among the other three joint hosts- India, Sri Lanka and Bangladesh- but the PCB will still be paid the hosting fees.

All host countries will get around 400,000 dollars per match under the host countries agreement signed by them with the ICC, the Daily Times quoted sources in the PCB, as saying.

“That was basically the solution worked out to the dispute between the PCB and ICC over the issue of hosting rights which led to the PCB sending a legal notice to the sport’s world governing body after the shifting of the matches in 2009,” the source added.

The matches, including a semifinal, were moved from Pakistan after a militant attack on the Sri Lankan team in Lahore in March 2009.

The source revealed that after Pakistan withdrew its legal notice, the ICC had agreed that the PCB would be paid hosting fees per match although no matches would be held in Pakistan due to security reasons.he source said Pakistan would also get a share of revenues from gate receipts, ground advertising and sale of hospitality boxes at the venues where its share of matches would be held now.

The source added that the ICC had informed the PCB that its dues from the World Cup would be cleared 90 days after the end of the tournament in accordance with the procedures.

According to the source, the ICC had also cleared most of its dues to the PCB, which it had held up last year due to the board’s failure to submit the audited accounts of previous years, including Pakistan’s share of revenues from the ICC Champions Trophy and the Twenty20 World Cup.

“So even though teams might not be touring Pakistan at the moment, the PCB would find itself in a healthy financial position after the World Cup,” the source added. (ANI)

Filed under: Cricket

will not be displayed