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PCB lost $47.22 million due to scrapping of India series
Pakistan Cricket Board lost revenue worth $47.22 million after the Indian government didn't allow Mahendra Singh Dhoni's men to tour the trouble-torn country for a Test series earlier this year, following Mumbai terror attacks.
Pakistan Cricket Board lost revenue worth $47.22 million after the Indian government didn't allow Mahendra Singh Dhoni's men to tour the trouble-torn country for a Test series earlier this year, following Mumbai terror attacks.
The accounts of PCB, scrutinised by the Auditor-General of Pakistan show that the board lost revenues of around $39 million from the cancelled series, which it would have earned from the sale of television rights.
The documents also show that the broadcasters who had television rights of Pakistan cricket had agreed to pay the amount for the series against arch-rivals India in January-February this year.
The board lost another $7-8 million, which it would have earned from sale of small sponsorships, the stadium advertising rights and the gate money receipts.
Indian government denied permission to the cricketers to visit the neighbouring country following the terror incidents in Mumbai on November 26.
According to the document, PCB lost around $52 million this year alone from cancellation of the India series, shifting of the Champions Trophy to South Africa and its share of 14 matches of 2011 World Cup -- all due to security reasons.
