PSL 5 Draft likely to be delayed: Rashid Latif
Former Pakistan captain and wicket-keeper, Rashid Latif believes that the draft for 5th edition of Pakistan Super League (PSL) is unlikely to be held in November this year.
Former Pakistan captain and wicket-keeper, Rashid Latif believes that the draft for 5th edition of Pakistan Super League (PSL) is unlikely to be held in November this year.
The 50-year-old added that due to the unavailability of foreign cricketers and time constraints, the draft process could be delayed this time around. PSL5 Draft could be delayed due to less time and availability of foreign players. The former captain also bashed the Pakistan Cricket Board (PCB) for not releasing profits to PSL franchises on time.
“PSL5 Draft could be delayed due to less time and availability of foreign players,” tweeted Latif.
“PCB should release PSL4 profit to all 6 franchises. PCB’s profit margin is 200% but franchises are not happy,” Rashid said.
The PCB and six franchises are at odds over the finances, as the franchises have decided against depositing bank guarantee citing the fact that the league, in its 5th year, is now stable to operate without such guarantees.
Earlier, the franchises had refused to deposit bank guarantee, for the fifth edition of the country’s premier T20 league.
The franchise owners have reservations on several issues but one of the major areas of concern is regarding the financial accounts of previous edition. Nearly six months have passed but the PCB is yet to finalise the HBL PSL financial statements, which is why the franchises have decided against depositing bank guarantee.
The franchises are also of the opinion the PCB should no longer obtain bank guarantee because the league is now stable enough to operate without it.
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