Karachi: The time has come to submit financial guarantee for PSL 6.
PSL 5 has not been completed yet but the PCB had sought financial guarantee for the sixth edition from the franchisees a few days back. The last date is September 25.
Initial editions required a bank guarantee equal to the fee, but last year the franchisees urged the board to end the practice, now that the league has been in place for several years, an atmosphere of trust must be established.
The PCB granted the request and allowed the franchisees to submit checks at a later date in place of the bank guarantee. However, it was also decided that if a team neglected to fulfill its financial obligations, it would Will take 2 years bank guarantee.
At least 2 franchisees delayed their finances in the fifth edition, it is not yet clear whether they will be asked for a bank guarantee or a check, the letter sent by the board only mentions the financial guarantee which is also a post dated check. May be.
The PCB has announced that the remaining 4 matches of PSL 5 will be played at Gaddafi Stadium Lahore from November 14 to 17. The franchises want to start work on the next edition after the event is over, but the board Not in discount mode.