pakistan super league 2023, Pakistan Rupee To USD: Pakistan’s super cricket league will be closed, Pak rupee reaches trough against dollar! – pakistan super league big loss due to increasing rate of us dollar

New Delhi: There is hue and cry in Pakistan. The Pakistani rupee has reached a trough against the US dollar. Standing on the verge of bankruptcy, Pakistan’s cricket also seems to be getting a big blow. The world’s biggest cricket league, the Indian Premier League, is facing a big threat to its own league, the Pakistan Super League. As per the latest reports, it should not come as a surprise if the league gets shut down.

Actually, according to the news reports of Pakistan, the 8th season of Pakistan Super League is going to start from February 13 in Multan. Players participating in the league are paid in dollars. It seems to be proving fatal for him now. The Pakistani rupee has depreciated significantly against the dollar. At present, one American dollar is more than its 250 rupees.

In PSL, franchisees pay 70% of the money before the tournament.
The PSL franchisees have talked to the Pakistan Cricket Board about this. The owners have told the management that this is causing huge losses. In fact, franchises pay players 70% before participating in the tournament, while 30% is paid after the tournament is over. The Pakistani rupee going into the trough has a direct impact on the cricket industry. As a result the cost of PSL is increasing for the franchisees.

In which category the players get how much money
In the PSL, the fees for platinum cricketers range from $170,000 to $130,000, diamond players from $85,000 to $60,000, gold players from $50,000 to $40,000, silver players from $25,000 to $15,000, while emerging players get $7,000.

One decision of PCB ruined it!
In 2021, except for foreign cricketers and production, other payments were made in rupees, but last year the PCB again decided to make all payments in dollars. Now this decision of Pakistan Cricket Board is proving to be a big problem for the franchisees. Now the thing to be seen is whether the PCB changes in this matter and if it does, will the players accept it.

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