Massive irregularities between two PSL edition resulted in loss of millions, audit reveals

The report, as long as 39 paragraphs, makes it clear that the Pakistan Cricket Board (PCB) had to face a loss of for Rs 248.615 million due to irregular payments to franchises in excess of the agreed share of the central pool. The report said that there was irregular excess expenditure on production of PSL-II Final without proper estimation of Rs18.880 million. The auditors also revealed that PCB made an irregular expenditure of Rs126 million on marking campaign of PSL.

A final break up of those losses shows irregular award of compensation to the PSL franchises of Rs 54.490 million while the unjustified auction of franchisees caused loss of US$11 million. The board also failed to recover amounts due from franchisees worth Rs32.050 million.

Amongst wasteful expenditures made by the PCB was Rs12.646 million spent on account of TA/DA of journalists and Rs2.772 million on TA/DA and accommodation charges of members of the Board of Governors. The report also pointed out, the irregular and non-transparent award of franchise rights resulted in the loss of US $ 57 million while an irregular award of contract for Pakistan media rights to M/S Blitz is a loss of US$8.650 million.