PCB Earns ₹3 Billion from Champions Trophy: Media Claims Denied

The Pakistan Cricket Board (PCB) has denied claims from Indian media that they lost 85% of their money after spending INR 869 crores on the recent Champions Trophy, which took place from February 19 to March 9. PCB spokesman Aamir Mir and Chief Financial Officer Javed Murtaza said that this tournament, the first major cricket event in Pakistan in nearly 30 years, actually helped the board earn a lot of money.

At a press conference, the PCB officials explained that they made ₹3 billion from the event. “The ICC covered all costs for the tournament,” Mir stated. The PCB earned money from ticket sales and expects to receive even more from the ICC after they finish auditing the event.

Initially, the PCB aimed to earn ₹2 billion but ended up doing even better. India won the tournament, beating New Zealand in the final held in Dubai. Mir praised PCB chairman Mohsin Naqvi for boosting the board’s finances, stating they earned 40% more than last year. “With this financial success, the PCB is now one of the top three richest cricket boards in the world,” he added. The board also paid ₹40 million in taxes.

There were rumors that domestic players faced pay cuts because of financial issues, but Mir confirmed that the salary cuts have been reversed. The officials also mentioned that they are waiting for clarification from the ICC about why one of their board members was not included in the closing ceremony in Dubai.