PCB to get $16 mn compensation for shifting of WC matches
The Pakistan Cricket Board is all set to get richer by around $16 million from the 2011 World Cup earnings without even hosting a single match of the tournament.Updated: Aug 03, 2011 20:09 IST
The Pakistan Cricket Board (PCB) is all set to get richer by around $16 million from the 2011 World Cup earnings without even hosting a single match of the tournament.
According to a source close to the World Cup secretariat, Pakistan would get a total package of around $16 million from the World Cup under the compensation package worked out between the ICC and PCB.
"The total package includes hosting fees and other benefits," the source told PTI.
He said that the ICC had already released around $10.5 million to the PCB soon after the conclusion of the tournament in April.
"The rest of the amount is also due to be paid to the PCB soon," he said.
The ICC had relocated the World Cup matches awarded to Pakistan due to security issues soon after terrorist attack on the Sri Lankan team in Lahore in March, 2009.
The source said the world body had agreed to pay the compensation package to PCB after realising the problems faced by the latter following international teams refusal to tour the strife-torn country due to security reasons.
"The ICC realises that with Pakistan being forced to play all its home series at neutral venues it is losing out on hard earned money that it would have made if it had hosted matches at home.
"A PCB delegation has already been to the UAE to inspect the venues, hotels and other arrangements and we are now just waiting to sign the MOU with the Sri Lankans," he said.
He confirmed that there was rapid renovation work going on at the Sharjah stadium and the PCB delegation had inspected it in detail.
"The stadium is being renovated and upgraded very fast and should be complete in a month's time. We will have no problems playing a Test either against Sri Lanka or England in Sharjah when it is ready," the PCB official added.
He said there is doubt that the series with Sri Lanka would be held in the UAE.
"A lot of things have been cleared up and the MOU will be signed soon. The UAE provides ideal neutral venues for our 'home' matches and it has become a virtual second home for us and is also cost effective for us," the official said.
Pakistan plays three Tests, five ODIs and two T20 matches against Sri Lanka in the UAE after the Lankans refused to tour Pakistan because of security reasons.