Instagram

An evening with Shahid Afridi and Younis Khan

Sohail Speaks Yasir's Blog Fazeer's Focus

User Tag List

Results 1 to 76 of 76
  1. #1
    Debut
    Oct 2004
    Runs
    94,542
    Mentioned
    1721 Post(s)
    Tagged
    15 Thread(s)

    PCB terminate the ownership rights of Schon Properties, the owners of PSL side Multan Sultans




    For the latest updates on Cricket, follow @PakPassion on Twitter

  2. #2
    Debut
    Oct 2016
    Runs
    4,942
    Mentioned
    32 Post(s)
    Tagged
    0 Thread(s)
    I guess draft will be handled by the team management of Multan Sultan i.e Wasim Akram, Mohammad Akram and Nadeem Khan and PCB is gonna advertise for the bids soon.

  3. #3
    Debut
    Oct 2004
    Runs
    94,542
    Mentioned
    1721 Post(s)
    Tagged
    15 Thread(s)
    So unless behind the scenes, PCB has been busy arranging for a new buyer for Multan, the PCB will be conducting drafts and buying players from their own pockets on 20th November in the draft?

    Bad news for PCB and also points to lack of due diligence when choosing franchise owners.


    For the latest updates on Cricket, follow @PakPassion on Twitter

  4. #4
    Debut
    Apr 2010
    Venue
    United Kingdom
    Runs
    5,897
    Mentioned
    5 Post(s)
    Tagged
    0 Thread(s)
    something wasnt right about Schoon buying Multan from the start they held back payments and after Multan finished last in the table i even herd at the time Schoon group didnt want anything to do with the team after the season finished.

    PCB had near enough a year to find a new buyer but didnt. very strange.


    Is this the first nail in the coffin of PSL after Sethi left.

  5. #5
    Debut
    Jul 2015
    Venue
    Karachi
    Runs
    927
    Mentioned
    121 Post(s)
    Tagged
    0 Thread(s)
    This had to happen. Should've been sooner. I hope PCB was prepared for this to happen after the whole Schoon group incident.

    Anyways I'm looking forward to drafts and how the things will proceed and relation of PCB with other franchises.

  6. #6
    Debut
    May 2012
    Runs
    1,795
    Mentioned
    67 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by sully3 View Post
    something wasnt right about Schoon buying Multan from the start they held back payments and after Multan finished last in the table i even herd at the time Schoon group didnt want anything to do with the team after the season finished.

    PCB had near enough a year to find a new buyer but didnt. very strange.


    Is this the first nail in the coffin of PSL after Sethi left.
    This is my problem with it. This should’ve been resolved earlier not 3 months before the start of PSL 4.

    I don’t know much about tournament rights, but I think they should’ve finalised the broadcasting rights and the title rights for the next few years by now.

    HBL’s title rights and Sunset+vine’s broadcasting rights expired at the end of the last tournament so it’s weird that it hasn’t been finalised yet. 3 months before the start of the tournament seems a bit late to me.

  7. #7
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    JOINT PRESS RELEASE – PCB & SCHON PROPERTIES BROKER LLC
    Pakistan Cricket Board Terminates Franchise Rights of Multan PSL Team
    All rights revert back to PCB, PSL 2019 to go ahead as planned with six teams and 34 matches



    Lahore November 10, 2018: The Pakistan Cricket Board (PCB) has terminated the franchise agreement with Schon Properties Broker LLC which granted franchise rights of the Multan Sultans PSL team. As a result of this termination, all rights in respect of the team have now reverted back to PCB.

    The termination was brought about due to the former franchisee’s inability to meet its financial obligations under the Agreement.

    PCB confirms that the fourth edition of PSL will go ahead as planned with six teams and the same number of matches. The Board shall take complete responsibility of all player and coach contracts. Pending further updates, the team shall be referred to as “The Sixth Team” of PSL.

    The team selection for the Sixth Team at the Player Draft scheduled to be held on 20th November 2018 will be done by PCB itself.

    PCB will thereafter enter into a public tender process— details will be made public soon — to grant repackaged rights of the Sixth Team. The rights holder would have the option of choosing the sixth franchise city and name.

    PCB acknowledges that Schon Group is one of the leading groups of Pakistan.

    Schon Group has been a partner of PCB for many years in terms of Pakistan Series Sponsorship abroad for many years.

    PCB appreciates that Schon Group was the only bidder to meet the Reserve Price ($5.2 million per annum) PCB had set for the sale of the Multan Franchise. This was double the amount for which PCB had in 2015 sold the most valuable PSL Franchise Team. Asher Schon in particular has worked hard in building the Multan Sultans brand.

    Asher Schon stated “It has been a privilege being a PSL team owner over the past year. I am proud of the support Schon has always extended to Pakistan cricket and current affairs notwithstanding, will continue to passionately support it”.

    “While this is an unfortunate turn of events, we have to ensure strict adherence to contractual obligations for the well-being of Pakistan Super League. We wish Schon Group well with their future endeavours” said Mr. Ehsan Mani, Chairman PCB.

    “I want to reassure our partners – franchisees, sponsors, players, coaches and fans – that the Pakistan Super League will take place as planned. Our preparations are in full swing starting with the PSL Draft in Islamabad. The 2019 edition of the PSL will be a memorable one with as many as eight matches including the play-offs and the final scheduled to take place in Pakistan.”

    PSL season four begins in the UAE with a glittering opening ceremony followed by the opening game on February 14, 2019.



  8. #8
    Debut
    May 2012
    Runs
    1,795
    Mentioned
    67 Post(s)
    Tagged
    1 Thread(s)
    Hopefully the new owner will keep Multan as the city and the name multan sultans aswell.

    A new team will have to start from scratch and build loyalty again.

  9. #9
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Can the PCB attract sponsors and get them to pay an even more lucrative price? Some may be like this proves the previous price of the franchise was over valued

  10. #10
    Debut
    Dec 2013
    Venue
    Éire
    Runs
    9,061
    Mentioned
    2071 Post(s)
    Tagged
    12 Thread(s)
    "The Sixth Team"

    Why not Manchester United?


    See You Space Cowboy....

  11. #11
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    The owners of MS paid far too much and it was a huge mistake on their part.

    Any new owners will be looking to pay a lot less.



  12. #12
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Didn’t like them. Don’t like shady property business to buy teams. Good riddance. Although they should have completely disbanded MS and started with a five team PSL. PCB running one franchise right now is a ridiculous and insane conflict of interest.

  13. #13
    Debut
    Jun 2013
    Venue
    Chicago
    Runs
    5,245
    Mentioned
    47 Post(s)
    Tagged
    1 Thread(s)
    Same thing happened in IPL too I think. Deccan chargers had the same issue. Some of these franchise owners just commit to ownership without totally understanding the overall costs.

  14. #14
    Debut
    Apr 2013
    Venue
    Karachi
    Runs
    26,179
    Mentioned
    1214 Post(s)
    Tagged
    3 Thread(s)
    Name:  be86a6ad-1a7b-45e7-b85c-3a25db273a04.jpg
Views: 1279
Size:  165.9 KB


    Follow PakPassion on Twitter, Facebook and Instagram!

  15. #15
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    What happens to pcbs plans for the seventh team now?

  16. #16
    Debut
    Oct 2004
    Runs
    94,542
    Mentioned
    1721 Post(s)
    Tagged
    15 Thread(s)
    Quote Originally Posted by Savak View Post
    What happens to pcbs plans for the seventh team now?
    It will be called.....The Seventh Team


    For the latest updates on Cricket, follow @PakPassion on Twitter

  17. #17
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    For the future, the pcb should tell all franchise owners one strike and you are out

  18. #18
    Debut
    Apr 2017
    Runs
    387
    Mentioned
    104 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Savak View Post
    What happens to pcbs plans for the seventh team now?
    They weren’t planning on a 7th team this year (can’t reme which year they want to expand), but after this that may go back another year

  19. #19
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    This will also be an eye-opener for PCB in that they don't sell a franchise to any tom, dick and harry and that more vetting is needed.



  20. #20
    Debut
    Mar 2016
    Venue
    Sheffield
    Runs
    22,196
    Mentioned
    360 Post(s)
    Tagged
    1 Thread(s)
    Hopefully they find a new owner.

  21. #21
    Debut
    Dec 2015
    Venue
    Pakistan
    Runs
    601
    Mentioned
    51 Post(s)
    Tagged
    0 Thread(s)
    HBL group is going to buy new team, as they won't be stick with the title rights

  22. #22
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Just imagine if this debacle happened to Mani and not Sethi? Wasnt it Sethis job to vet these possible suitors?

  23. #23
    Debut
    Jan 2010
    Runs
    9,709
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    Just imagine if this debacle happened to Mani and not Sethi? Wasnt it Sethis job to vet these possible suitors?
    Surprised no one mentioned Sethi before you.

  24. #24
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    If rumours are to be believed Schon owe PCB a lot of money. Heavy losses for the PCB and PSL hierarchy.



  25. #25
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Saj View Post
    If rumours are to be believed Schon owe PCB a lot of money. Heavy losses for the PCB and PSL hierarchy.
    We are told how professional Sethi was as the head of the PSL, so this debacle should be squarely at his door.

  26. #26
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    We are told how professional Sethi was as the head of the PSL, so this debacle should be squarely at his door.
    Well yes absolutely as he was the decision-maker. You have to wonder about some of the advisors and PSL experts too in this debacle.



  27. #27
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Saj View Post
    Well yes absolutely as he was the decision-maker. You have to wonder about some of the advisors and PSL experts too in this debacle.
    You will have the usual suspects looking at blaming everybody except the person who took 7 crore from the PCB

  28. #28
    Debut
    Jul 2016
    Venue
    Edmonton-Lahore Canada-Pakistan
    Runs
    5,100
    Mentioned
    430 Post(s)
    Tagged
    1 Thread(s)
    Unfortunate, hope they find a new owner very soon.


    IN PAKISTAN LIES OUR DELIVERANCE,DEFENCE, AND HONOUR.
    -Muhammad Ali Jinnah

  29. #29
    Debut
    Oct 2017
    Runs
    269
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    The owner never really cared for multan or cricket, all he saw was property advertising, u could tell from the interviews. Good news.

  30. #30
    Debut
    Oct 2017
    Runs
    269
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    The decision to seize Schon Properties’ assets is only “the tip of the iceberg”, with more enforcement likely from Dubai Land Department (DLD) against defaulting developers, the head of Beaver Gulf has claimed.

    “There are some developers who are at the same default levels as Schon,” Rajesh Kumar Krishna, chairman and chief executive officer of the Dubai-based contractor, said in comments published by Construction Week Online.

    DLD revealed last week that it was seizing all assets belonging to UAE developer Schon Properties.

    According to Dubai Media Office, the decision was aimed at "protecting the rights of investors in light of Schon Properties’ actions of exploiting investors by refraining from depositing their money in [an] escrow account".

    Commenting on the action, Krishna told Construction Week Online: “Deciding to take strict action against defaulting developers is an additional step in the right direction.

    “I fully welcome the DLD move. If there are [other] developers who have defaulted [similarly] to the point of Schon, then there should be more seizures and stricter enforcement action taken to weed out all the unwanted elements in the market and raise investor confidence.

    “Such developers do a lot of damage to the brand name of Dubai, and more specifically, its real estate sector, at the expense of the good and genuine developers in the market.”


    http://www.constructionweekonline.co...f-the-iceberg/
    Last edited by MenInG; 11th November 2018 at 08:28.

  31. #31
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Can anyone confirm who are/were the members of the technical committee who oversaw their bidding?

  32. #32
    Debut
    Nov 2015
    Venue
    Karachi
    Runs
    11,715
    Mentioned
    139 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    Didn’t like them. Don’t like shady property business to buy teams. Good riddance. Although they should have completely disbanded MS and started with a five team PSL. PCB running one franchise right now is a ridiculous and insane conflict of interest.
    They are only running it until they find a new owner. Truthfully there is not much else they could have done.

    I'm also glad that the Schon group has been kicked out. There were many cases against them before they bought the franchise.

  33. #33
    Debut
    Nov 2015
    Venue
    Karachi
    Runs
    11,715
    Mentioned
    139 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by j_kazmi View Post
    Hopefully the new owner will keep Multan as the city and the name multan sultans aswell.

    A new team will have to start from scratch and build loyalty again.
    Agreed that the city should be Multan but even if it is the new owners would want to build their own brand. This is the end of Multan Sultans.

  34. #34
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Arham_PakFan View Post
    They are only running it until they find a new owner. Truthfully there is not much else they could have done.

    I'm also glad that the Schon group has been kicked out. There were many cases against them before they bought the franchise.
    To be frank, it’s a conflict of interest for PCB to run a franchise in a tournament that is supposed to be run by PCB. They should have disbanded the whole franchise for this year. PCB taking up one franchise, that too on its own expenses, is just poor ethical and business approach.

  35. #35
    Debut
    Jun 2017
    Venue
    Karachi
    Runs
    912
    Mentioned
    29 Post(s)
    Tagged
    0 Thread(s)
    Good stuff from PCB

    Zero tolerance for financial issues othervise our league will become another Bangladesh premier league or SLPL

  36. #36
    Debut
    Apr 2011
    Venue
    Toronto (Dhaka)
    Runs
    22,379
    Mentioned
    1668 Post(s)
    Tagged
    9 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    To be frank, it’s a conflict of interest for PCB to run a franchise in a tournament that is supposed to be run by PCB. They should have disbanded the whole franchise for this year. PCB taking up one franchise, that too on its own expenses, is just poor ethical and business approach.
    Unless they find an owner, surely PSL won't have a 6th team. Here, I think PCB has a buyer lined up, but probably more careful this time in due diligence. Also, potential suitors must be at upper hand in bargain.
    Last year, BPL had to drop Barisal Bull for a similar reason and they couldn't find a buyer in due time at their price - but BPL already had too many (8) teams, therefore one less didn't matter much. PSL needs 6 teams, therefore PCB is almost forced in to current arrangements.

    Financial regulation is going to be the biggest challenge in PLs & SLs, because despite popularity, I don't think T20 franchises are still making enough money for their lavish expenses - even UEFA has introduced Financial Fair Play. And there are too many questionable owners in T20 cricket, which needs even more scrutiny & assurance (of fund). Barisal Bull was stripped off BPL, because of the amendment in regulations regarding payments - previously Franchise used to pay players, but that didn't work. Now, just after draft, every franchise has to credit BCB's account with a bank draft of the possible maximum pay out - players (& coaching staffs) are paid by BCB based on their draft contract.

    But, surprising that PCB couldn't solve it in almost a year. And, Mani can't be held responsible for this either, as he is in office recently.

  37. #37
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Fair enough. The only point that I see here is that the PCB is in the middle of selling the commercial and broadcasting rights of PSL for the next five years. Disbanding a franchise would only incur the loss of air time for PSL which would reflect on the new broadcast and commercial deal.

  38. #38
    Debut
    Jun 2006
    Runs
    14,250
    Mentioned
    171 Post(s)
    Tagged
    3 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    To be frank, it’s a conflict of interest for PCB to run a franchise in a tournament that is supposed to be run by PCB. They should have disbanded the whole franchise for this year. PCB taking up one franchise, that too on its own expenses, is just poor ethical and business approach.
    Not ideal, but better than disbanding them.

    The NBA owned the New Orleans Pelicans for two years.

  39. #39
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Gotham Cronie View Post
    Not ideal, but better than disbanding them.

    The NBA owned the New Orleans Pelicans for two years.
    The fact that they are in this bind is because they took too long to terminate their contract. If they had terminated it earlier they could have put the team up for the bidding back when the draft wasn’t looming.

  40. #40
    Debut
    Jun 2006
    Runs
    14,250
    Mentioned
    171 Post(s)
    Tagged
    3 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    The fact that they are in this bind is because they took too long to terminate their contract. If they had terminated it earlier they could have put the team up for the bidding back when the draft wasn’t looming.
    Ifs, could haves, should haves.

    What's done is done.

    There's new management now.

    Taking over the team is preferable to disbanding them.

  41. #41
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Gotham Cronie View Post
    Ifs, could haves, should haves.

    What's done is done.

    There's new management now.

    Taking over the team is preferable to disbanding them.
    Some would call it the lack of vision.

  42. #42
    Debut
    Jun 2006
    Runs
    14,250
    Mentioned
    171 Post(s)
    Tagged
    3 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    Some would call it the lack of vision.
    Of course it's a lack of vision.

    But in this situation now, it is better to take over the team rather than disband the franchise.

    Disbanding the franchise now would be further lack of vision.

  43. #43
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Gotham Cronie View Post
    Of course it's a lack of vision.

    But in this situation now, it is better to take over the team rather than disband the franchise.

    Disbanding the franchise now would be further lack of vision.
    The point is that they left it too late. My point is that they should have disbanded them way too earlier than now. Their inability to act quickly is forcing their hand. They are now forced to take care of MS. Who do you think will pay for the expanses? This is gonna cost PCB heavily.

  44. #44
    Debut
    Jun 2017
    Venue
    Karachi
    Runs
    912
    Mentioned
    29 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Angrez Pakistani View Post
    The point is that they left it too late. My point is that they should have disbanded them way too earlier than now. Their inability to act quickly is forcing their hand. They are now forced to take care of MS. Who do you think will pay for the expanses? This is gonna cost PCB heavily.
    How do you know it's too late?

    If the deadline is before the draft it's not pcbs fault

  45. #45
    Debut
    Oct 2018
    Venue
    Rawalakot, Kashmir
    Runs
    85
    Mentioned
    2 Post(s)
    Tagged
    1 Thread(s)
    I hope they find a buyer soon & I wish the new franchise name based on Kashmir (on any city of kashmir)

  46. #46
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bleedgreen4ever View Post
    How do you know it's too late?

    If the deadline is before the draft it's not pcbs fault
    Just out of curiosity, I’m wondering who sets up those deadlines?

  47. #47
    Debut
    Oct 2017
    Runs
    269
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    Ppl who organize events lol

  48. #48
    Debut
    Aug 2017
    Runs
    1,707
    Mentioned
    83 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by SensiblePakFan View Post
    Ppl who organize events lol

  49. #49
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    We are told how professional Sethi was as the head of the PSL, so this debacle should be squarely at his door.
    Your excitement is heartening, but you need to understand that these hiccups are part and parcel of franchise cricket. When private investors are involved and millions of rupees are at stake, you will have such road bumps. BCCI is the most well-run cricket board in the world, but they had to terminate ownership rights of Deccan Chargers as well. On the other hand, you have Cricket South Africa who have made several unsuccessful attempts to launch their league.

    The fact that this has happened with one franchise only is testament to the fact that PCB has done a very good job with the PSL as far as the organisation is concerned. Whatever the problems are with the PSL are largely down to the constraints that the country is subjected to, and not necessarily PCB's fault. The biggest issue of course is that it is not hosted in Pakistan, and there is nothing PCB can do about it other than severely compromise the quality of the players on the roster which is not a great idea by any means.

    We need to understand that whatever PSL is today is largely down to Sethi. He built the brand and put the idea into practice. The PCB was going nowhere with the PSL concept but Sethi made it happen, and considering the complications, he has done an excellent job.

    As far as why the issue was not resolved quickly, again, we need to have some perspective. You cannot terminate ownership overnight - we do not know what was the deadline for the payments and we also need to take into consideration that Sethi resigned in August. That must have also delayed the process.

    Mani's lousiness cannot be deflected with this. He invented a problem that did not exist by making Mohsin Khan the Chairman of a Committee. I do not blame him for forming a team of advisors in the first place considering he is probably out of touch with the game and the domestic setup, but there is no excuse of putting Mohsin Khan in charge.

  50. #50
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    Your excitement is heartening, but you need to understand that these hiccups are part and parcel of franchise cricket. When private investors are involved and millions of rupees are at stake, you will have such road bumps. BCCI is the most well-run cricket board in the world, but they had to terminate ownership rights of Deccan Chargers as well. On the other hand, you have Cricket South Africa who have made several unsuccessful attempts to launch their league.

    The fact that this has happened with one franchise only is testament to the fact that PCB has done a very good job with the PSL as far as the organisation is concerned. Whatever the problems are with the PSL are largely down to the constraints that the country is subjected to, and not necessarily PCB's fault. The biggest issue of course is that it is not hosted in Pakistan, and there is nothing PCB can do about it other than severely compromise the quality of the players on the roster which is not a great idea by any means.

    We need to understand that whatever PSL is today is largely down to Sethi. He built the brand and put the idea into practice. The PCB was going nowhere with the PSL concept but Sethi made it happen, and considering the complications, he has done an excellent job.

    As far as why the issue was not resolved quickly, again, we need to have some perspective. You cannot terminate ownership overnight - we do not know what was the deadline for the payments and we also need to take into consideration that Sethi resigned in August. That must have also delayed the process.

    Mani's lousiness cannot be deflected with this. He invented a problem that did not exist by making Mohsin Khan the Chairman of a Committee. I do not blame him for forming a team of advisors in the first place considering he is probably out of touch with the game and the domestic setup, but there is no excuse of putting Mohsin Khan in charge.
    I cant read your essay because its likly to be mostly rubbish and if its IK, you would have been here in a flash so taking 2 days to write an essay to justify this incompetence of this Noora acolyte doesnt wash. The guy shouldnt never a got the job and this incompetence proves it.
    Last edited by Bewal Express; 11th November 2018 at 14:44.

  51. #51
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    I cant read your essay because its likly to be mostly rubbish and if its IK, you would have been here in a flash so taking 2 days to write an essay to justify this incompetence of this Noora acolyte doesnt wash. The guy shouldnt never a got the job and this incompetence proves it.
    Simply ignoring my essay would have been less embarrassing than your sorry excuse of a cop-out.

  52. #52
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    Simply ignoring my essay would have been less embarrassing than your sorry excuse of a cop-out.
    I cant read essays, your friend talent spotter put me off. Sethi is an old crook, that had no record or link to cricket and ended up as the chairman for services rendered. Those are facts, care to dispute.

  53. #53
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    I cant read essays, your friend talent spotter put me off. Sethi is an old crook, that had no record or link to cricket and ended up as the chairman for services rendered. Those are facts, care to dispute.
    Nepotism is not an issue if the right person gets the job. Sethi did not have a cricket background but you don't need that to do well as the Chairman of PCB/PSL. You don't need to know how to bat or how to bowl to run a cricket organisation.

    What you need are good management and leadership skills + a passion for the sport. Sethi exhibited both in abundance. I hope my post was not too long. Can post one-liners as well if you wish.

  54. #54
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    Nepotism is not an issue if the right person gets the job. Sethi did not have a cricket background but you don't need that to do well as the Chairman of PCB/PSL. You don't need to know how to bat or how to bowl to run a cricket organisation.

    What you need are good management and leadership skills + a passion for the sport. Sethi exhibited both in abundance. I hope my post was not too long. Can post one-liners as well if you wish.
    So you cant refute the facts i stated. Sethi wouldnt have appointed if he didnt support the Sharifs.Maybe nepotism is not an issue if you have been a beneficiary of it, but as someone that hasnt and believes in merit , I find your statement sad and pathetic at the same time.

  55. #55
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Quote Originally Posted by Saj View Post
    This will also be an eye-opener for PCB in that they don't sell a franchise to any tom, dick and harry and that more vetting is needed.
    I think the pcb went with them because they met the min price. But the pcb has extensive vetting requirements but still the franchisor can fail to fulfill their financial obligations

  56. #56
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    So you cant refute the facts i stated. Sethi wouldnt have appointed if he didnt support the Sharifs.Maybe nepotism is not an issue if you have been a beneficiary of it, but as someone that hasnt and believes in merit , I find your statement sad and pathetic at the same time.
    You can find my statement sad and pathetic, but your viewpoint is naive. We do not live in a utopian world and merit does not guarantee success. I couldn't care less why Sethi was appointed - I only care about his on-job performance which was far better compared to his predecessors.

    Mani has been appointed on merit because of his background in cricket admin., but that has not prevented him from goofing up.

  57. #57
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    You can find my statement sad and pathetic, but your viewpoint is naive. We do not live in a utopian world and merit does not guarantee success. I couldn't care less why Sethi was appointed - I only care about his on-job performance which was far better compared to his predecessors.

    Mani has been appointed on merit because of his background in cricket admin., but that has not prevented him from goofing up.
    One of the reason the Western world that you have migrated to and i have grown up in is successful is because most things are done on merit and you dont incompetent journalists running a cricket board incompetently.

  58. #58
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    One of the reason the Western world that you have migrated to and i have grown up in is successful is because most things are done on merit and you dont incompetent journalists running a cricket board incompetently.
    I "migrated back" some time ago, and you are again naive to view the first world and the third world with the same lens. Yes in the first world, most things are done on merit. However, their system of merit is productive unlike ours.

    People like Mohsin Khan, who had recently called the coach of the national team a stupid donkey would not find a job in a competent cricket board that is run on merit. Someone like you deserted his homeland decades ago and showcases his patriotism on the Internet should be aware of that fact.

    In Pakistan, merit is often useless. We can see that with the professional PCB under the meritorious Mani.

  59. #59
    Debut
    Apr 2010
    Venue
    United Kingdom
    Runs
    5,897
    Mentioned
    5 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Saj View Post
    This will also be an eye-opener for PCB in that they don't sell a franchise to any tom, dick and harry and that more vetting is needed.
    Sethi was offering PSL franchise righs to everyone and any pakistani with a bit of money outside of pakistan.

    He pratically begged my mamoo to buy a team in the first year and he said no due to conflict of interests at the time.

    Also Sethi lied when he said MS are going to pay 5 million USD fee to psl every year. they paid the same amount the rest of the 5 franchises did

  60. #60
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    I "migrated back" some time ago, and you are again naive to view the first world and the third world with the same lens. Yes in the first world, most things are done on merit. However, their system of merit is productive unlike ours.

    People like Mohsin Khan, who had recently called the coach of the national team a stupid donkey would not find a job in a competent cricket board that is run on merit. Someone like you deserted his homeland decades ago and showcases his patriotism on the Internet should be aware of that fact.

    In Pakistan, merit is often useless. We can see that with the professional PCB under the meritorious Mani.
    So you agree that Sethi was hired for services rendered. Everthing else is academic. I agree that Mani should not hired MHK, but comparing the loss of $M to incompetence to hiring a loud mouth with cricketing experience shows how desperate you to equate 2 different things.

  61. #61
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    So you agree that Sethi was hired for services rendered. Everthing else is academic. I agree that Mani should not hired MHK, but comparing the loss of $M to incompetence to hiring a loud mouth with cricketing experience shows how desperate you to equate 2 different things.
    Yes, good job comparing the formation of a committee with a few members with running a league with private investors and millions involved. Mani should be thankful Sethi has left him a successful model - building PSL from scratch is far and beyond his capability. He cannot even get a committee right.

  62. #62
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    Yes, good job comparing the formation of a committee with a few members with running a league with private investors and millions involved. Mani should be thankful Sethi has left him a successful model - building PSL from scratch is far and beyond his capability. He cannot even get a committee right.
    Mani was good enough to run the ICC but not good enough to setup a Franchise league. Soon you will be equating this Noora crook with Einstein.

  63. #63
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Quote Originally Posted by Saj View Post
    This will also be an eye-opener for PCB in that they don't sell a franchise to any tom, dick and harry and that more vetting is needed.
    Quote Originally Posted by sully3 View Post
    Sethi was offering PSL franchise righs to everyone and any pakistani with a bit of money outside of pakistan.

    He pratically begged my mamoo to buy a team in the first year and he said no due to conflict of interests at the time.

    Also Sethi lied when he said MS are going to pay 5 million USD fee to psl every year. they paid the same amount the rest of the 5 franchises did
    Not sure how you can say Sethi lied about the $5.4 million fee that Multan Sultans were supposed to pay the PCB, that is the agreement they signed with the PCB and that is why the PCB has terminated their ownership because of their failure to meet their obligations

  64. #64
    Debut
    Jun 2001
    Venue
    UK
    Runs
    69,665
    Mentioned
    1469 Post(s)
    Tagged
    22 Thread(s)
    Lessons to be learnt here.

    Sometimes people who are flashing the cash aren't what they seem to be.

    There is no way the PCB will get anywhere near what Schon bid for Multan Sultans.



  65. #65
    Debut
    Sep 2012
    Runs
    75,294
    Mentioned
    4841 Post(s)
    Tagged
    36 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    Mani was good enough to run the ICC but not good enough to setup a Franchise league. Soon you will be equating this Noora crook with Einstein.
    List a few things that Mani achieved when he 'ran' the ICC.

  66. #66
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Mamoon View Post
    List a few things that Mani achieved when he 'ran' the ICC.
    Can you remind us why Sethi was given the job again? What had he achieved in his life to be the chairman of the PCB.. Mani kept the ICC together after the debacle of the 2003 World Cup is on the board of numerous Businesses and charities.

  67. #67
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Saj View Post
    Lessons to be learnt here.

    Sometimes people who are flashing the cash aren't what they seem to be.

    There is no way the PCB will get anywhere near what Schon bid for Multan Sultans.
    Sethi should have done due diligence. Isnt that the 1st thing you do if you are giving a franchise.

  68. #68
    Debut
    Jan 2013
    Venue
    Pakistan
    Runs
    886
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Saj View Post
    Lessons to be learnt here.

    Sometimes people who are flashing the cash aren't what they seem to be.

    There is no way the PCB will get anywhere near what Schon bid for Multan Sultans.
    I don't remember exactly but didn't one of the requirements in the tender was a bank gurantee of Rs 1 billion for five years which PCB will encase in case of a franchise defaults? I remember reading at the time of start of the league and thought they had adequate safe guards.

  69. #69
    Debut
    Dec 2005
    Venue
    Sharjah, U.A.E
    Runs
    12,483
    Mentioned
    122 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by MightyObnoxious View Post
    I don't remember exactly but didn't one of the requirements in the tender was a bank gurantee of Rs 1 billion for five years which PCB will encase in case of a franchise defaults? I remember reading at the time of start of the league and thought they had adequate safe guards.
    It's Pakistan, these things are immaterial at times. Schon Properties are incredibly lucky to get out of this so easily IMO. They would have been in some serious trouble had PCB decided to follow up with the financial penalties that could be incurred on a default such as this. What this tells me is that PCB already has a confirmed buyer, and they are quite confident in replacing Schon in a smooth manner.

  70. #70
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Quote Originally Posted by Saj View Post
    Lessons to be learnt here.

    Sometimes people who are flashing the cash aren't what they seem to be.

    There is no way the PCB will get anywhere near what Schon bid for Multan Sultans.
    According to my understand, a new buyer will have to take over the existing contract/agreement the PCB had with Schon group and that means the buyer will have to pay the price of $5.4 million for the remaining 7 years.

    The PCB needs to revamp its background checks even further

  71. #71
    Debut
    Oct 2004
    Runs
    94,542
    Mentioned
    1721 Post(s)
    Tagged
    15 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    Sethi should have done due diligence. Isnt that the 1st thing you do if you are giving a franchise.
    Sethi had staff who did due diligence - you cannot dump this on Sethi alone.


    For the latest updates on Cricket, follow @PakPassion on Twitter

  72. #72
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Quote Originally Posted by MenInG View Post
    Sethi had staff who did due diligence - you cannot dump this on Sethi alone.
    Hard to do much background checks and due diligence beyond a certain point, I am sure the PCB asked for audited financials, bank statements, investigated management integrity and required the franchise owners to submit a business plan and deposit a guarantee.

    A franchising defaulting is still a possibility.

  73. #73
    Debut
    Dec 2015
    Venue
    Pakistan
    Runs
    601
    Mentioned
    51 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Bewal Express View Post
    Can you remind us why Sethi was given the job again? What had he achieved in his life to be the chairman of the PCB.. Mani kept the ICC together after the debacle of the 2003 World Cup is on the board of numerous Businesses and charities.
    C'mon! What you're going to expect from a person who just appointed Mohsin Khan as a cricket committee chairman? Mani doesn't know about anything, he said that he will not going to be much flashy in front of media, but then he decided to speak about Sarfraz's captaincy twice in a week, he said that he will not going to "BEG" India to play with us, but after being a chairman he already mentioned India numbers of times. Simply if you're supporter of Imran Khan and you hate Nawaz Shareef, " IT DOESNT MEAN EVERYTHING EVERY STEP OF IK WILL BE GOOD FOR US". They failed to answers Sethi's reply properly what you're going to except from Mani and co? Najam Sethi was way better than him and fans are going to accept this reality very soon.

  74. #74
    Debut
    Oct 2004
    Runs
    94,542
    Mentioned
    1721 Post(s)
    Tagged
    15 Thread(s)
    Quote Originally Posted by Savak View Post
    Hard to do much background checks and due diligence beyond a certain point, I am sure the PCB asked for audited financials, bank statements, investigated management integrity and required the franchise owners to submit a business plan and deposit a guarantee.

    A franchising defaulting is still a possibility.
    Only concern is that if there were enough whispers about a firm being in trouble etc, then they should have been avoided.


    For the latest updates on Cricket, follow @PakPassion on Twitter

  75. #75
    Debut
    Nov 2005
    Venue
    England
    Runs
    11,707
    Mentioned
    275 Post(s)
    Tagged
    4 Thread(s)
    Quote Originally Posted by Ummii View Post
    C'mon! What you're going to expect from a person who just appointed Mohsin Khan as a cricket committee chairman? Mani doesn't know about anything, he said that he will not going to be much flashy in front of media, but then he decided to speak about Sarfraz's captaincy twice in a week, he said that he will not going to "BEG" India to play with us, but after being a chairman he already mentioned India numbers of times. Simply if you're supporter of Imran Khan and you hate Nawaz Shareef, " IT DOESNT MEAN EVERYTHING EVERY STEP OF IK WILL BE GOOD FOR US". They failed to answers Sethi's reply properly what you're going to except from Mani and co? Najam Sethi was way better than him and fans are going to accept this reality very soon.
    Sethi moaned about the accounts. Those were facts which he didnt like and wanted context, he disputed only one fact. If Mani messes up then i will criticise and have done so, but you cant compare this crook with Mani, an ex chairman of the ICC, a businessman on the board of many businesses and charities. Sethi had no link to cricket and as his biggest cheerleaders happily accept, he was appointed for services rendered.

  76. #76
    Debut
    Feb 2006
    Runs
    27,959
    Mentioned
    254 Post(s)
    Tagged
    5 Thread(s)
    Quote Originally Posted by MenInG View Post
    Only concern is that if there were enough whispers about a firm being in trouble etc, then they should have been avoided.
    They are private investigation agencies available in Pakistan which look at things behind the numbers and scenes. Maybe the PCB should look at engaging them from now on for these matters and not to take the parties at face value and just based on their numbers only.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •