The Pakistan Cricket Board has terminated the international media rights contract for the Pakistan Super League, citing a series of breaches by the rights holders. The PCB has reportedly also alleged payment default.
The Pakistan Cricket Board has announced it has terminated the contract of the Pakistan Super League 2020 international media rights partner following a series of breaches, including matters relating to payments, the PCB has stated in an official press release.
The deal was in place for the 2019-2021 media rights cycle.
Shoaib Naveed, PSL Project Executive, said: “The PCB works professionally and with integrity and transparency. In this instance, the partner, despite repeated reminders and discussions, failed to honour its commitment and obligations, leaving the PCB with no other option but to terminate the agreement.
“The termination of the agreement at this stage was also necessary so the PCB had sufficient time to start exploiting other avenues and partners for the future HBL Pakistan Super League events. Since its inception in 2016, the HBL PSL has become one of the most attractive and competitive leagues around the world.
“The PCB is already in discussions with various sub-licensees and relevant broadcasters in the international territories. The process is already underway to ensure a robust media rights strategy for the HBL Pakistan Super League 2021 and onwards.”
The PCB reserves its rights in terms of claiming appropriate remedies and damages and will be taking strictest possible measures to ensure and safeguard the league’s interests as well as its valuable stakeholders.
PCB terminates contract with HBL PSL’s international media rights @TheRealPCB announced it has terminated d contract of the HBL Pak Super League 2020 international media rights partner following a series of breaches, including matters relating to payments.