The drama surrounding the Pakistan team in the Asia Cup continues unabated. Disgruntled by match referee Andy Pycroft’s error, the Pakistan Cricket Board (PCB) has threatened to withdraw from the tournament.
But if they are indeed eliminated, losses worth millions of dollars are certain.
What’s the whole story?
First, understand how significant a money-making opportunity the Asia Cup is for Pakistan. The PCB expects to earn between 12 and 16 million US dollars from this tournament alone.
This money comes from broadcasting deals, sponsorships, and tickets.
Sony Pictures Networks India has signed an eight-year contract with the ACC worth US$170 million, running from 2024 to 2031. This agreement also includes the Women’s and Under-19 Asia Cups.
A PCB source told PTI, “Can Naqvi afford to risk a loss of about $16 million from the PCB’s projected budget of $227 million for this fiscal year? It would be about seven percent of the PCB’s annual revenue. It would be like walking on thin ice for him. But as a key minister in Pakistan, he also has to maintain his honor in front of his countrymen.”
Major Revenue Blow
The five Test-playing nations—India, Pakistan, Sri Lanka, Bangladesh, and Afghanistan—share 15% of the Asian Cricket Council’s (ACC) annual revenue. This totals 75%, with the remaining 25% going to associate nations.
If Pakistan is eliminated, their 15% share could be at risk. Especially, India-Pakistan matches generate the most revenue. Broadcasters sell ad slots at premium rates. Pakistan’s withdrawal would be a loss for everyone!
The drama began after the match, when the Indian team refused to shake hands with Pakistani players.
PCB Chairman Naqvi, who is also Pakistan’s Home Minister and head of the ACC, criticized Pycroft.
The ICC rejected the PCB’s demand. Shahid Afridi said, “Don’t fault the Indian cricketers, they were given orders from above.” Meanwhile, Mohammad Yousuf took a dig at Afridi, citing the ‘barking like a dog’ remark.
The PCB’s position is tight. Respect on one hand, money on the other. According to sources, Naqvi’s departure could weaken the PCB’s position in the ACC.
Tonight’s match against the UAE is scheduled, but the press conference was cancelled. However, the PCB clarified that they will play, but tensions remain.
A former Indian cricketer claims, “India’s second-string team is stronger than Pakistan.”
Pakistan needs to defeat the UAE to reach the Super Four. Bangladesh, Afghanistan, and Sri Lanka are also in the race.
