'PCB wants more money than just 2011 WC hosting fees'
The Pakistan Cricket Board is trying to extract maximum financial compensation from the ICC in return for surrendering its hosting rights for 14 matches of the 2011 World Cup, sources said.cricket Updated: Jul 29, 2009 14:39 IST
The Pakistan Cricket Board is trying to extract maximum financial compensation from the ICC in return for surrendering its hosting rights for 14 matches of the 2011 World Cup, sources said on Wednesday.
Well-placed sources in the Board told PTI that the issue was discussed in detail in the yesterday’s meeting between PCB Chairman Ejaz Butt and ICC President David Morgan at Dubai yesterday.
“The ICC and the other hosts of the World Cup - India, Sri Lanka and Bangladesh - have agreed to pay Pakistan hosting fees of $10.5 million for the 14 matches that have been shifted out of Pakistan due to security reasons by the ICC,” one source said.
“But Butt, on the advice of Board lawyers, is trying to convince the ICC that Pakistan needs to be paid more from the World Cup earnings,” the source disclosed.
Butt had conveyed that Pakistan also wanted the gate money receipts for the matches it was supposed to host but which have now been distributed among India, Sri Lanka and Bangladesh, the source said.
Pakistan was also asking for a stake in the other earnings from these matches from the home board, he added.
"Pakistan is guaranteed to get $10.5 million as hosting
fees but it is looking to recover compensation sum of around $20 million for its share of the World Cup matches,“ the source said.
The sources said PCB agreed to out of court settlement on shifting out of 2011 World Cup matches to exploit its position as the aggrieved party.
“The PCB is now looking to exploit its position as the aggrieved party in the shifting of the World Cup matches that is why Butt is insisting time and again that he is ready for an out of court settlement with the ICC and that Pakistan does not want to pursue any legal options,” they said.
PCB wants to get some undertaking from the ICC and other Asian nations about resuming tours to the strife-torn country, they added.
The sources said in principle Pakistan had decided against going for any legal action on the advise of its lawyers but would not publicly admit this for obvious reasons.