PCB lose $ 2.75m despite getting CT hosting fees

Updated: 17 February 2009 14:18 IST

The Pakistan Cricket Board stands to lose at least USD 2.75 million after Champions Trophy was relocated from the country last month.

PCB lose $ 2.75m despite getting CT hosting fees
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Karachi:

International Cricket Council's promise to pay them the hosting fees notwithstanding, Pakistan Cricket Board stands to lose at least USD 2.75 million after Champions Trophy was relocated from the country last month.

Sources in the board said the USD three million it has been promised by the ICC is actually participating fees and PCB is actually set to lose its hosting fees.

"It is a wrong impression that Pakistan could get USD six million hosting fees. Pakistan is guaranteed, like every other participating country, USD three million as participation fees, another USD 750,000 for gate money receipts and USD two million as the hosting fees," the source said.

But the ICC has confirmed only the USD three million participation fees for the Pakistan board and no understanding or agreement had been signed on the remaining USD 2.75 million, he claimed.

The ICC executive board decided last month that due to security conditions the Champions Trophy would be relocated from Pakistan and a new venue would be announced in March/April for the eight-nation event.

The ICC had also said that because Pakistan was being deprived of the tournament it would still get the hosting fees even if the tournament was held elsewhere.

Topics : Cricket Sreesanth
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