Cricket Business : Pakistan Super League in trouble, franchises take PCB to court

The much hyped Pakistan Super League (PSL) is in huge trouble. The differences between the franchises of PSL and the Pakistan Cricket Board has increased so much that former has dragged PCB to the court. The matter is listed for hearing in the Lahore High Court for 30th September. 
All six PSL franchises have combined to file the petition against the board. The PSL franchise owners are unhappy with PCB’s current financial model for the league, which they feel is only making the board richer. PSL franchises have alleged they have been incurring losses season after season.
According to the information available with InsideSport, the PSL franchises want that the financial model of the league should be changed. The franchises feels in the current model PCB is getting richer by the day and their loses are mounting year on year. 
PSL 2020 in trouble : PCB & PSL franchises are at loggerheads, matter up for hearing on 30th Sep 

In the petition filed by the PSL franchises in the Lahore High Court, they have sought the court to ask PCB to “formally redress the grievances of all franchises” and “revise the model of PSL in accordance with its statutory mandate and make it financially viable”, as per ESPN Cricinfo. Earlier in August this year, the PSL franchises had jointly written a letter to the PCB, urging the board to revise the financial and ownership model.

As per reports in the Pakistan media, PCB is surprised by the move from the six PSL franchises to take legal route against them despite being invited twice for discussions over their demands.

Earlier, PCB had responded to the letter from the PSL franchises by stating that all teams who have fulfilled their complete financial obligations will be invited to discuss the issues. Karachi Kings, Lahore Qalandars and Multan Sultans have been in a tussle with PCB over defaulting on payments. The three PSL franchises were excluded from the negotiating table by PCB in August over the defaults.

PSL 2020 edition was hampered by COVID-19  in March this year. The remaining four games of the PSL 2020 edition will be played in November this year at the Gadaffi Stadium in Lahore.