Karachi:Realising the futility of insisting on hosting 2011 World Cup matches here, Pakistan is set to accept the International Cricket Council's decision to move the matches out of the trouble-torn country.
"A formal truce between the PCB and ICC is expected to be announced on the World Cup issue after a meeting between the heads of the two bodies in Dubai on July 28 or 29," a well informed source in the board said on Tuesday.
"In effect, PCB Chairman Ejaz Butt has now accepted that there is nothing more he can do to get back the World Cup matches as the arguments and case of the ICC and the other joint hosts of the tournament are very strong for moving the matches out of Pakistan," the source said.
He said despite spending thousands of dollars on paying legal fees of the law firm in London to prepare a case against the ICC and fight for getting back hosting rights of the World Cup matches, the PCB now has decided to go for a settlement with the ICC. = "The settlement will enable Pakistan to get full hosting fees of USD 10.5 million from the ICC for its share of 14 World Cup matches. It also looking for other benefits like an extended role in the Future Tour Program and a bigger share of the World Cup revenues," the source added.
He said Pakistan is likely to announce its members on the World Cup Central Organising Committee and other tournament committees after the Dubai meeting between Ejaz Butt and ICC President David Morgan.
"The PCB got a clear message that if it pursued any legal options against the ICC on the World Cup issue it could face more isolation in the international cricket community and also face possibility of the ICC freezing its share of revenues from different tournaments until the case is decided and the PCB is not in a position to accept this situation," the source said.