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Pakistan Cricket Board stave off threat of bankruptcy

Saturday, April 12 2014 by SNTV
  • Intro:

    The Pakistan Cricket Board has avoided bankruptcy and expects to earn about $300 million by 2023 after getting assurances from Test playing countries during an ICC board meeting in Dubai.

    PCB chairman Najam Sethi said on Friday that the board would have gone bankrupt over the next two years had they not got written commitments from other cricket boards, especially India, to play against Pakistan.

    The United Arab Emirates has been Pakistan's "home" venue since gunmen attacked the Sri Lanka team bus in Lahore in 2009.

    Pakistan "conditionally" supported the proposal of three major cricketing countries in bringing changes to the future governance and financial structure of the ICC during the board meeting.

    Sethi also said it was decided that the ICC president in 2015 will be from Pakistan.

    In another development, Sethi said he hoped fast bowler Mohammad Amir's five-year ban will be reduced to four years after the ICC's anti-corruption laws are revised at the next board meeting in June in Australia.

    Amir was banned in 2010 for deliberately bowling a no-ball during the test match against England, but he pleaded guilty unlike teammates Mohammad Asif and Salman Butt, who unsuccessfully contested their long bans.

    Script:

    SOUNDBITE: Najam Sethi, PCB Chairman (Urdu):

    "We had a detail meeting with all especially with India, in the result we had made a schedule for international tours for the next eight years, for our own interests, we will sign the agreement (with the big three)."

    SOUNDBITE: Najam Sethi, PCB Chairman (Urdu):

    "I feel proud that the agreements we had sign for the next eight years, the details will be provided to you all. Due to this PCB will earn 30 billion Pak rupees ( $300 million ) from home series in the next eight years. This is the money which we earn from bilateral tours, in this obviously India has bigger role."

    SOUNDBITE: Najam Sethi, PCB Chairman (Urdu):

    "ICC has agreed on our request, that next year PCB will nominate the ICC president. This is very good news for us - if the chairman of the ICC is from India than the president will be from Pakistan."

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