PCB Faces Massive Financial Losses Over Refusal to Play India in T20 World Cup

• The Pakistan Cricket Board (PCB) could incur significant financial penalties from the ICC for refusing to play India in the T20 World Cup match on February 15 in Colombo.
• Pakistan's share in the ICC's 2024/27 financial cycle is approximately USD 144 million, with an annual payout of USD 38 million, which is now at risk.
• An insider revealed that a penalty could mean a substantial hit to PCB's finances, potentially impacting its financial health and operations.
• Broadcasters, who paid USD 3 billion to the ICC, heavily rely on Pakistan-India matches, estimating each game to generate USD 250 million or more, and their absence could lead to compensation claims.
• The PCB also faces high expenses, including stadium upgradation (18 billion rupees), domestic event subsidies, salaries for 700-800 employees, and player retainers (USD 5-6 million).