Latest news with #SalmanNaseer
Express Tribune
14 hours ago
- Business
- Express Tribune
HBL PSL franchises to receive Rs970 million each
Each franchise participating in the 10th season of the Pakistan Super League (PSL) is expected to receive approximately Rs 970 million (Rs 97 crore) as their share from the central revenue pool. However, this amount will be subject to deductions for player fees and other operational expenses. According to details, PSL Season 10 was held this year in April and May, with Lahore Qalandars winning the trophy for the third time. Sources reveal that in a recent Finance Committee meeting, league officials informed franchises that each team is expected to receive around Rs 970 million from the central revenue pool, similar to the earnings from Season 9. However, this cannot be considered pure profit as it excludes costs such as player salaries, travel, accommodation, and other expenses. Additionally, teams generate revenue through their individual sponsorship deals, and most teams will still end up in profit. However, Multan Sultans, which pays the highest franchise fee (over Rs 1 billion), is once again expected to incur a loss. Final accounts are still being reviewed, and minor adjustments are possible. The franchise has been waiting for their 50% share, which has been due since July 5. A major issue for the PCB is the pending recovery of dues from certain stakeholders, which remains unresolved. Some franchises also submitted their final account sheets late, delaying the remaining 30% payment to players. According to the policy, 70% of player payments are made during the tournament, with the remaining 30% paid afterward. The PCB directly handles player payments. Sources state that after the tournament ends, teams send in their account sheets, specifying how much each player is owed. According to contracts, a player receives 50% of the fee if they miss matches due to injury and 20% if they remain unselected. Some teams, however, do not enforce any deductions. Similarly, some franchises follow a team-wide bonus distribution policy, where awards like Man of the Match are divided equally among all team members. Franchises also offer their own bonuses and awards. Hotel and flight arrangements may also change, making these account sheets crucial for final payments. The board expects to complete all remaining player payments within the next few days. On the other hand, PSL operations remain sluggish. The newly appointed COO Salman Naseer, currently managing with a two-person team, Salman has been engaged in Asia Cup matters. One of his temporary appointment being made permanent has surprised some franchises. Renowned for his work with players, Manager of Player Acquisition Shoaib Khalid recently resigned, creating further challenges in finding a suitable replacement for handling player contracts. Ahead of PSL Season 11, several key matters still remain pending, including sponsorship deals, media rights, franchise valuations, fee revisions, and the addition of two new franchises. As of yet, no announcement has been made regarding the new season window.
Business Recorder
04-07-2025
- Business
- Business Recorder
Stakeholders share feedback after meeting with PSL management
LAHORE: Over the last 10 years we have shown to the world that we have the capacity, capability and organizational skills to pull off a vast six-week tournament across Pakistan involving over 60 overseas players. This was the feedback shared by the stakeholders after a meeting with the management of the Pakistan Super League (PSL). The stakeholders of HBL-PSL including representatives of franchises, title sponsor, media rights partners and commercial partners met the management at the National Cricket Academy in Lahore. Among the participants the representatives of the media rights partners of HBL-PSL also held workshops with the PSL management, which was headed by Chief Executive Officer Salman Naseer. Ali Imran, Rao Umar Hashim Khan and Ayaz Imam from Walee Technologies, Trans Group and A Sports, respectively took part in the stakeholders meeting and shared their views with the PCB Digital. PSL's title sponsor HBL was represented by Chief Marketing and Communications Officer, Ali Habib, who also lauded the remarkable consistency of the tournament. Ali Imran, Senior Vice President Walee Technologies said, 'I think HBL PSL X was just amazing. Walee partnered with biggest live-streaming and digital platforms in Pakistan including Begin, Daraz, Myco, Tamasha and Tapmad. This is the first time 57.4 million fans from Pakistan streamed the PSL matches and there were over 3.4 billionm views across these platforms. The way the PSL team works is amazing and they have been a great support for Walee Technologies in bringing the HBL PSL closer to the fans. I urge the fans to get ready to witness the biggest PSL event next year as we plan to bring more digital innovations to fore.' Rao Umar Hashim Khan, Group Director Trans Group said, 'Being the pioneer partner, I have the best wishes for the HBL PSL and I feel it is going to become the biggest cricketing event in the world. PSL is growing every season and we are hopeful that we'll showcase lots of good cricket in times to come. It has been an honour for Trans Group to be part of the HBL PSL for the entirety of the 10 seasons. It is such a joy to be a part of the PSL and everywhere we go it feels amazing to represent Pakistan's mega event.' Copyright Business Recorder, 2025
NDTV
03-07-2025
- Business
- NDTV
Pakistan Cricket Board Approves Budget Of Rs 18.30 Billion For 2025-26 Season
The Pakistan Cricket Board, on Thursday, approved a budget of 18.30 billion rupees for the current fiscal year but remained shy of outlining the estimated expenditures and revenues for 2025/26. In the last budget, the PCB's expenses on rebuilding and renovating stadiums in Karachi, Lahore and Rawalpindi for the ICC Champions Trophy itself hit nearly 18 billion rupees. The PCB's Board of Governors met in Lahore to discuss and approve the budget which is estimated at 18.30 billion for the current fiscal year, the PCB said in a release. The board didn't make any mention of how much expenses and revenues it had incurred or generated in the last fiscal year when it hosted two ICC events, the Champions Trophy and also the ICC Women's World Cup qualifying tournament in Lahore. Without going into the details of the current fiscal year budget, the board release said it had also decided to annually recognize and reward the regional association that demonstrates the best performance in the promotion and development of cricket. It said under this initiative, the best performing region will receive an award each year. It was also decided that staff performance will be regularly monitored moving forward. The Board Of Governors (BOG) expressed satisfaction over the utilization of the 2024-25 fiscal year budget. In another meeting held on Wednesday in Lahore the PCB declared this year's Pakistan Super League to be a big success despite being held in the same window as the Indian Premier League. The PSL CEO, Salman Naseer informed the franchise owners and representatives of the title sponsors, broadcasters etc that live streaming views surged from 455 million in PSL 9 to 3.4 billion in PSL X, marking an astonishing 647.25% increase. The members were told that fans in Pakistan watched 48.5 billion cumulative minutes on live streaming platforms, with 511 million views recorded during the playoffs and final alone.
Express Tribune
03-07-2025
- Sport
- Express Tribune
PSL management, stakeholders meet
The management of the Pakistan Super League (PSL) headed by Chief Executive Officer, Salman Naseer held workshops with all stakeholders of HBL PSL including representatives of franchises, title sponsor, media rights partners and commercial partners on Wednesday at the National Cricket Academy in Lahore. During the meeting, the PSL management presented data and analytics reflecting the league's growth over the past 10 years. A statistical comparison between the ninth and tenth editions of the league was also shared. The 10th edition of the HBL PSL also known as HBL PSL X was played from 11 April to 25 May with four cities — Karachi, Lahore, Multan and Rawalpindi hosting a total of 34 matches. The final of the marquee event was played before a packed Gaddafi Stadium between Lahore Qalandars and Quetta Gladiators, with the former winning the tournament for the third time in past four years. PCB Chairman Mohsin Naqvi: "The Pakistan Super league has not only grown into a premier cricketing brand but has also served as a symbol of resilience, hope and unity during challenging times. "From navigating difficult circumstances to bringing international stars to our home grounds, the PSL has remained steadfast in delivering quality cricket and unforgettable moments for millions of fans across the globe. This journey, filled with passion, drama and thrilling performances, truly belongs to our people. "I extend my heartfelt gratitude to our franchise owners, HBL — our title sponsor and long-term partner, players, broadcasters, commercial partners, security agencies and of course, our passionate fans. Without their unwavering support and belief, this success would not have been possible. "As we look to the future, the PCB remains committed to strengthening and evolving the league further. We envision an even more competitive, inclusive and globally engaging tournament that continues to bring joy to cricket fans and honour to Pakistan." HBL PSL Chief Executive Officer Salman Naseer: "The Pakistan Super League has come a long way since its inception. Marking a decade of cricketing excellence, the 10th edition of the HBL PSL was more than just a milestone – it was a celebration of passion, resilience and unity. HBL PSL X shattered numerous records, from viewership to fan engagement, reaffirming the league's place as a powerhouse in the world of sports. "The substantial growth in digital engagement, particularly the 647 per cent surge in live streaming, is a testament to the league's increasing popularity among cricket fans. "We are proud to present these figures to our long-standing partners, whose continued support has been instrumental in shaping the PSL into one of the most celebrated T20 leagues worldwide. These numbers reflect the trust of our fans and the relentless efforts of everyone involved in the league's success. "The diverse and widespread viewership, both in urban and rural areas, shows that the PSL has become a household name across the country. With 3.4 billion live streaming views and a strong digital following of 22 million, the league continues to set new benchmarks in Pakistan's sporting landscape. "PSL is not just a tournament, it's a movement that unites fans across the globe. As we look ahead towards the next decade, we cannot wait to unravel new stories and thrilling experiences for the fans. Exciting times ahead!"
Business Recorder
02-07-2025
- Business
- Business Recorder
HBL-PSL management, stakeholders discuss next event
LAHORE: The management of the Pakistan Super League (PSL) led by Chief Executive Officer, Salman Naseer held workshops with all stakeholders of HBL-PSL including representatives of franchises, title sponsor, media rights partners and commercial partners on Wednesday at the National Cricket Academy in Lahore. During the meeting, the PSL management presented data and analytics reflecting the league's growth over the past 10 years. A statistical comparison between the ninth and tenth editions of the league was also shared. The 10th edition of the HBL-PSL also known as HBL-PSL-X was played from 11th April to 25th May with four cities –Karachi, Lahore, Multan and Rawalpindi hosting a total of 34 matches. The final of the marquee event was played before a packed Gaddafi Stadium between Lahore Qalandars and Quetta Gladiators, with the former winning the tournament for the third time in past four years. PCB Chairman Mohsin Naqvi said, 'The Pakistan Super league has not only grown into a premier cricketing brand but has also served as a symbol of resilience, hope and unity during challenging times. From navigating difficult circumstances to bringing international stars to our home grounds, the PSL has remained steadfast in delivering quality cricket and unforgettable moments for millions of fans across the globe. This journey, filled with passion, drama and thrilling performances, truly belongs to our people.' Naqvi said, 'I extend my heartfelt gratitude to our franchise owners, HBL – our title sponsor and long-term partner, players, broadcasters, commercial partners, security agencies and of course, our passionate fans. Without their unwavering support and belief, this success would not have been possible. As we look to the future, the PCB remains committed to strengthening and evolving the league further. We envision an even more competitive, inclusive and globally engaging tournament that continues to bring joy to cricket fans and honour to Pakistan.' HBL-PSL Chief Executive Officer Salman Naseer said, 'The Pakistan Super League has come a long way since its inception. Marking a decade of cricketing excellence, the 10th edition of the HBL-PSL was more than just a milestone – it was a celebration of passion, resilience and unity. HBL-PSL- X shattered numerous records, from viewership to fan engagement, reaffirming the league's place as a powerhouse in the world of sports.' He said, 'The substantial growth in digital engagement, particularly the 647 per cent surge in live streaming, is a testament to the league's increasing popularity among cricket fans. We are proud to present these figures to our long-standing partners, whose continued support has been instrumental in shaping the PSL into one of the most celebrated T20 leagues worldwide. These numbers reflect the trust of our fans and the relentless efforts of everyone involved in the league's success.' He said, 'The diverse and widespread viewership, both in urban and rural areas, shows that the PSL has become a household name across the country. With 3.4 billion live streaming views and a strong digital following of 22 million, the league continues to set new benchmarks in Pakistan's sporting landscape. PSL is not just a tournament; it's a movement that unites fans across the globe. As we look ahead towards the next decade, we cannot wait to unravel new stories and thrilling experiences for the fans. Exciting times ahead!' Copyright Business Recorder, 2025
