PCB lost 1300 crores due to India, claims Shaharyar Khan

PCB lost 1300 crores due to India, claims Shaharyar Khan

no photo

|

© Getty Images

Pakistan Cricket Board chairman Shaharyar Khan, today, insisted that the PCB had suffered losses totaling to $200 million because of the cancellation of the India-Pakistan bilateral series. Khan also said that the PCB were planning to launch legal action against the BCCI to recover these losses.

"I informed the BCCI representative at the International Cricket Council (ICC) meeting recently that PCB had incurred losses of around $ 200 million because of India's refusal to play us and these losses were mounting as the BCCI was not even honouring a legal agreement to play bilateral series between 2015 and 2023," Khan was quoted saying by PTI.

Khan said that the PCB now intended to lodge a case against the BCCI but were awaiting the confirmation of the new ICC constitution. The new constitution is expected to be approved in April and enforced by June. 

"The new draft constitution has a clause for a disputes resolution committee and once the constitution is final we intend to take our case against the BCCI first to this committee," Khan said. 

Khan also revealed that in the talks held earlier this year, the BCCI representatives had told him that they were ready to play a series but it would be subject to a government clearance. 

"I told him that they should have thought about their government before signing the MoU (memorandum of understanding) which is a legal agreement as per our lawyers. I told him that India had denied us two home series the losses of which were around $ 200 million," Khan added. 

India and Pakistan have not played a bilateral cricket series since 2012–13. The 82-year-old also said that the only reason Pakistan had supported the 'Big Three' system in the past was because India had signed the MoU to play six bilateral series against Pakistan during that period.

"Even under the new draft constitution,n India gets around 16 percent share of all ICC earnings which is higher compared to other boards. Under the Big Three formula India, Australia, and England were taking home more than 50 percent of the revenues with other boards getting far less," Khan explained. 

"It was not an equitable system of revenue distribution and we only agreed to it because India agreed to sign the MoU and play six bilateral series with us which would have allowed us to get financially stronger.

"Their representatives appointed by the Lodha Committee asked for the matter to be deferred to the next ICC meeting in April, but we pushed through the draft constitution which should be ratified in April after all Boards give their views on it and enforced by June."

Get updates! Follow us on

Open all