ISLAMABAD: The Pakistan Cricket Board (PCB) will lose revenues worth approximately $85 million from its long-term broadcasting deal if it fails to host India for a full series over the next three to four years. A PCB official confirmed Friday that the board was already looking at an estimated loss of around $70 million if India didn’t play the planned series in the UAE in December this year. “The situation is such that if during the duration of the four-year broadcasting deal, which is worth $145 million, we don’t host India at all, then we lose nearly 65 percent of the total amount which comes to around $85 million,” the official was quoted as saying. He said apart from this major loss of revenues, the PCB had estimated earnings of around $70 million from the planned series with India in December. “No doubt if India doesn’t confirm the series, which we will host, it will hit us financially in the long run,” he said.
PCB to lose $85 million if fails to host India
November 9, 2015 no comments