PCB are facing massive financial losses due to the 2025 Asia Cup
Photo : AP
KEY HIGHLIGHTS
- PCB are facing major losses
- The 2025 Asia Cup's future remains uncertain
- India is the official host of the mega event
With the fate of the 2025 Asia Cup uncertain, the Pakistan Cricket Board (PCB) are heading for a major financial loss as their revenue is set to be hit unless all parties are able to come to a solution and organise the eight-team tournament with the clock ticking fast.
For those unversed, this year's Asia Cup, scheduled to take place in the T20 format, has India as its scheduled host. However, the worsening of political ties between India and Pakistan following the Pahalgam Terrorist attacks and Operation Sindoor put the tournament in major doubt. Although it was decided that a neutal country would host the event, there is no clarity anymore on if the tournament will happen.
As per a report by Press Trust of India (PTI), the PCB has outlined an estimated revenue of 1.16 billion (Rs. 35.06 crore approx) from the Asia Cup this year. The Pakistan cricket governing body is overall hoping to earn 7.7 billion (Rs. 664 crore approx) this financial year as their share from the International Cricket Council (ICC) and a further 7.7 million rupees (Rs. 6.64 crore approx) from other international cricket events. The PCB also have an estimated revenue of 2.5 billion (Rs. 249 crore approx).
"The revenues from these two major sources (ICC and Asia Cup) is very important for the financial health of Pakistan cricket," a 'well-informed insider' was quoted as saying by PTI.
What About the Asia Cup 2025?
A special meeting of the Asian Cricket Council (ACC) is scheduled to take place on July 24 in Dhaka, but the Board of Control for Cricket in India (BCCI) have remained firm in their stance of not attending it unless the venue is changed as per the same report. Alongside India, the boards of Sri Lanka, Afghanistan, and Oman have also protested the decision to hold the meet in Bangladesh.
While PCB chairman Mohsin Naqvi did not travel to the ICC meeting in Singapore last week, the board's CEO, Sumair Ahmed, attended the meeting but did not get a positive response from the boards of India and other nations over attending the meeting in the Bangladeshi capital.
It is worth noting that Naqvi is the chairman of the PCB and also Pakistan's Interiror minister.
