
Hosting the ICC Champions Trophy 2025 proved to be a significant financial burden for the Pakistan Cricket Board (PCB). After securing the hosting rights for this ICC event in 2021, the PCB spent ₹869 crore) on tournament preparations. A few months before the tournament's commencement, the PCB faced a major setback when the Board of Control for Cricket in India (BCCI), following advice from the Indian government, refused to send the Indian team to Pakistan, resulting in the tournament being played under a hybrid model.
Five of the Champions Trophy's most captivating matches, including the first semi-final, the final, and the high-revenue generating India versus Pakistan match, were played in Dubai. Of the remaining 10 matches played in Pakistan, three were abandoned due to rain. Significantly, Pakistan's team was eliminated from the ICC Champions Trophy just six days after the tournament began.
According to a report in The Telegraph, the PCB spent ₹560 crore on renovating three stadiums in Karachi, Lahore, and Rawalpindi—50% over their initial budget. A further ₹347 crore was spent on other preparations. In return, they earned only ₹52 crore from hosting fees and ticket sales. The report concludes that the PCB incurred a total loss of ₹739 crore.
To mitigate the financial losses, the PCB has decided to recover funds from the players. They have reduced the match fees for domestic T20 players. Team players have experienced a 90% reduction in their match fees, while reserve players will now receive only 12.50% compared to previous rates. Previously accommodated in luxurious hotels, domestic players are now being housed in budget lodgings.
Published on:
17 Mar 2025 09:13 am
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