Champions Trophy 2025: PCB's Financial Disaster

The 2025 ICC Champions Trophy in Pakistan turned into a financial nightmare for the Pakistan Cricket Board (PCB). Despite being the first major international cricket event in the country for nearly three decades, the tournament resulted in massive losses. Let's delve into the details.

Massive Spending, Minimal Returns

The PCB invested heavily in the tournament, spending a staggering INR 869 crore. This included significant upgrades to the three venues in Rawalpindi, Lahore, and Karachi, costing 50% more than initially budgeted. They also allocated $40 million for event planning. However, the returns were dismal.

• High Costs: Approximately INR 869 crore spent.
• Low Revenue: Only $6 million earned from hosting fees, ticket sales, and sponsorships.
• Net Loss: An estimated $85 million loss, equating to an 85% loss on investment.

Weather Woes and Match Cancellations

The weather played a significant role in the financial debacle. Several matches were either rained out or affected by weather, including a crucial match between Pakistan and Bangladesh. This meant that fans didn't get to see much action for the money. The Mohammad Rizwan-led team only got to play one completed home game, against New Zealand, at the Gaddafi Stadium in Lahore.

Player Pay Cuts Amidst Financial Crisis

The financial strain severely impacted the players. Match fees in the national T20 competition were slashed by 90%, and reserve player salaries were reduced by 87.5%.

• Match fees reduced from ₹40,000 to ₹10,000 initially, then revised to ₹30,000.
• Players downgraded to modest accommodations, while administrators continued to earn substantial salaries.

While PCB chairman Mohsin Naqvi intervened to reassess the match fees, the overall situation highlights a severe crisis. The dramatic reduction in player compensation starkly contrasts with the lavish spending on infrastructure and event management, raising serious questions about financial management and priorities within the PCB.

This disastrous financial outcome casts a long shadow over the future of international cricket in Pakistan, raising concerns about the country's ability to host future major events. The losses and player pay cuts are alarming, and the PCB must address these issues to regain financial stability and ensure a sustainable cricketing environment.