PCB hopes to get CT hosting fee

[minhasuz]

KARACHI: The Pakistan Cricket Board is confident of getting $2.75 million as hosting right fees for this year's Champions Trophy, which was eventually shifted out of the country, in spite of the tournament's potential host South Africa insisting on the same.

Saleem Altaf, the Chief Operating Officer of the board, confirmed that CSA had raised certain financial issues pertaining to next Champions Trophy including the issue of who would get the hosting right fees.

Sources said CSA told the ICC and other members that it cannot host the tournament in September-October without financial help and rewards from the ICC, including the hosting right fees.

The ICC is due to take a final call on the venue next week after the weather pattern in Sri Lanka, standby venue, forced them to reconsider their decision to have the event in the island nation.

Altaf said the ICC, while relocating the tournament to Sri Lanka, had assured PCB that Pakistan would get the $2.75 million as hosting fees/gate receipt.

Altaf said Pakistan would fight to ensure it got the hosting right fees as it was also facing a financial crunch.

The ICC awards the hosting right fees to the host country of the tournament besides $3 million share to each of the Test playing nations.

Source

Comments: Insh Allah they will get it! But where is it going to go? In Butt Sabb pocket? Altaf's pocket?Or in Zardari sabb's pocket? If they are smart they should spend it on finishing the construction which is held at Qadaffi Stadium and make a new stadium. Also renovate all of the current stadium (in terms of facilities)

[Random Aussie]

I fail to see why Pakistan is entitled to the hosting fee when they are not hosting it.

[minhasuz]

Originally Posted by Random Aussie I fail to see why Pakistan is entitled to the hosting fee when they are not hosting it.

ICC has to compensate for it though. It was ICC who had given them hosting rights so they have to compensate

[Random Aussie]

Originally Posted by minhasuz ICC has to compensate for it though. It was ICC who had given them hosting rights so they have to compensate

But South Africa also need to be paid for actually being the hosts.

ICC has to pay twice?

[90MPH]

The PCB need the money even if they are not hosting it. Hopefully they will spend it wisely

[minhasuz]

Originally Posted by Random Aussie But South Africa also need to be paid for actually being the hosts. ICC has to pay twice?

No why would they pay South Africa? South Africa is hosting it so ICC doesn't pay them at all. They have to pay PCB because it was them [ICC] who said it will be hosted in Pakistan and then it was ICC who had moved it so initially it is Pakistan right to host it but they can't host because of security so ICC has to compensate

[Random Aussie]

Originally Posted by minhasuz No why would they pay South Africa? South Africa is hosting it so ICC doesn't pay them at all. They have to pay PCB because it was them [ICC] who said it will be hosted in Pakistan and then it was ICC who had moved it so initially it is Pakistan right to host it but they can't host because of security so ICC has to compensate

Because the article you posted has South Africa saying they can't host it unless they get paid the hosting fees.

[Oxy]

Originally Posted by Random Aussie I fail to see why Pakistan is entitled to the hosting fee when they are not hosting it.

Compensation - costs are incurred, for years prior to the hosting of any tournament.

Imagine taking the 2012 Olympics off London - in 2011!

I'm sure they would want a few BILLION for not hosting it!

Had Pakistan said we arent going to host it, ICC would be demanding compensation off the PCB!!!

[asifp]

Originally Posted by Random Aussie I fail to see why Pakistan is entitled to the hosting fee when they are not hosting it.

cause of the money spent in the anticipation of hosting it

[Random Aussie]

Originally Posted by asifp cause of the money spent in the anticipation of hosting it

Right. And what about the country that is actually hosting it?

Smells like appeasement money to me.

[MalikMohsin]

Then, scrap the Champion Trophy. That way Champion Trophy will be scrapped and ICC will compensate to Pakistan, and no reason to involve South Africa at all

[truth]

The way the PCB is behaving on the CT, with the hosting rights after the recent incidents without showing any flexibility, gives me a lot of worrying factor will ICC and the world ever think of giving Pakistan any rights in future to host any competition because ................ they had to compensate and pacify other teams etc etc ....... this will make ICC to feel like they will have a burden if Pakistan is involved and ultimately lead to neglecting Pakistan in any other affairs ........

[Oxy]

Originally Posted by truth The way the PCB is behaving on the CT, with the hosting rights after the recent incidents without showing any flexibility, gives me a lot of worrying factor will ICC and the world ever think of giving Pakistan any rights in future to host any competition because ................ they had to compensate and pacify other teams etc etc ....... this will make ICC to feel like they will have a burden if Pakistan is involved and ultimately lead to neglecting Pakistan in any other affairs ........

Contract is a contract - what do you mean 'the way the PCB is behaving on the CT'???

And when one party pulls out of a contract, it is usual for there to be some form of compensation to the other party.

I'm sure you know that.

You just dont like the idea that a body like the PCB might (dare I say it), act like the BCCI on a financial matter...

[JustAnotherFan]

Originally Posted by Oxy Contract is a contract - what do you mean 'the way the PCB is behaving on the CT'???

Didn't Pakistan have a contract to provide VIP security in Lahore?

Contract is a contract.

[Oxy]

Originally Posted by JustAnotherFan Didn't Pakistan have a contract to provide VIP security in Lahore? Contract is a contract.

More 'assurances' than legally binfing contract, nonetheless - lets hope someone is made accountable for this lapse.

[Random Aussie]

Originally Posted by Oxy More 'assurances' than legally binfing contract, nonetheless - lets hope someone is made accountable for this lapse.

I highly doubt that is going to happen. Are they even going to release a report?

[On_the_up]

Tuesday, March 17, 2009

Lahore: Pakistan will still pocket 2.75 million dollars from the Champions Trophy despite the event being shifted to South Africa for security reasons, a top cricket official said here Tuesday.

South Africa was approved on Monday as the new host of the biennial tournament in September-October by the board of International Cricket Council (ICC) after the decision last month to take it out of troubled Pakistan.

However the ICC board decided that Pakistan will keep the hosting rights, ensuring a significant windfall for the Pakistan Cricket Board (PCB), the sport's governing body here.

"The decision of giving the Champions Trophy to South Africa hasn't changed the picture," PCB chief operating officer Salim Altaf told reporters in Lahore.

"If the ICC gives South Africa financial assistance, it would still have no impact on the PCB's share, which is 2.75 million dollars."

A terrorist attack on the Sri Lankan team earlier this month in Lahore which left eight policemen dead and wounded seven Sri Lankan players and a coach further dented Pakistan's hopes of staging international cricket.

The Champions Trophy had already been taken away from Pakistan after several teams had expressed fears about security.

Sri Lanka, the alternative venue for the Trophy, was ruled out as a possible host after concerns were expressed over weather conditions in Colombo during the September 24-October 5 dates for the tournament.

Australia will defend the title they won in India in 2006. England, India, New Zealand, Pakistan, South Africa, Sri Lanka and the West Indies are the other competing teams.

AFP

[Random Aussie]

I forgot we were still title holders of this.

[On_the_up]

Originally Posted by Random Aussie I forgot we were still title holders of this.

LOL. RA rubbing it in.

[Random Aussie]

Originally Posted by On_the_up LOL. RA rubbing it in.

Too many trophies, we are only missing two. One will come home in July, the other one we have loaned to India to keep them happy.

[On_the_up]

Originally Posted by Random Aussie Too many trophies, we are only missing two. One will come home in July, the other one we have loaned to India to keep them happy.

What's the one in july?

[Random Aussie]

Originally Posted by On_the_up What's the one in july?

Sorry June, T20 World Cup we have never held. Expect that to be rectified.

Or at the least we will send a half decent T20 team this time around.

[Zeenix]

Yeah Sure... For not hosting the tournament.. Why Not..

[On_the_up]

the host country makes profit by hosting competitions like CT, if that's taken away, the country should be compensated. wonder how much money SAfrica will make out of it?