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Did hosting the ICC Champions Trophy 2025 justify an $85 Million loss?

nuttyprof

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According to a report, PCB suffered a $85 million loss for hosting the Champtions Trophy.

Do you think was hosting CT 25 worth it? Poor quality of Pak stadiums came fore and a couple of important games washed out, Pakistan did not qualify for SF. After all what did PCB achieve by hosting a minor tournament in Pakistan?

PCB suffers 85% loss in Champions Trophy after splurging USD 100 million for one home game; players face brutal effect

PCB spent PKR 18 billion (about $58 million) upgrading each of the three venues—Rawalpindi, Lahore, and Karachi. This was 50 per cent more than their budget

Champions Trophy 2025 was the first global cricket tournament held in Pakistan in the last 29 years, marking a significant moment in the sport's history in the country. However, it was nothing short of a financial and logistical failure as the Pakistan Cricket Board (PCB) suffered an 85 per cent loss after spending INR 869 crore for playing just one completed home game during the tournament.

According to a report in The Telegraph, PCB spent PKR 18 billion (about $58 million) upgrading each of the three venues—Rawalpindi, Lahore, and Karachi. This was 50 per cent more than their budget. In addition, they spent $40 million on event preparations. However, they only received $6 million in return as part of the hosting fee and change from ticket sales and sponsorships. This implies that PCB suffered a loss of about $85 million.

Not to forget, the Mohammad Rizwan-led side played only one game at home, against New Zealand at the Gadaffi stadium in Lahore. Their next match, against Bangladesh in Rawalpindi, was washed out without even the toss. Two other matches of the remaining eight held in Pakistan also ended in the same way.

Players pay the price

The report further said that the players were made to face the brutal consequences of the 'financial misadventure' as match fees in the national T20 championship have been reduced by 90 per cent and those for reserve player payments by 87.5 per cent. These cricketers, who were once accommodated in five-star hotels, found themselves in budget accommodations while the administrators continued drawing millions of salaries.

Pakistani national daily Dawn reported: "The PCB had recently reduced match fees from ₹40,000 to ₹10,000 without any official announcement…however PCB chairman Mohsin Naqvi intervened, rejecting the decision and directing the board's domestic cricket department to reassess the matter. While the PCB has yet to officially disclose the revised amount, sources indicate it has been set at ₹30,000 per match — ₹10,000 less than last year."

 
It was done for political reasons rather than serve the best interests of the game.
 
According to a report, PCB suffered $85 million loss. What do you think was hosting CT 25 worth it ? Poor quality of Pak stadiums came fore and a couple of important games washed out, Pakistan did not qualify for SF. After all what did PCB achieve by hosting a minor tournament in Pakistan ?
Have you included cost of stadium renovation too? If yes than that's not correct...
 
According to a report, PCB suffered $85 million loss. What do you think was hosting CT 25 worth it ? Poor quality of Pak stadiums came fore and a couple of important games washed out, Pakistan did not qualify for SF. After all what did PCB achieve by hosting a minor tournament in Pakistan ?

Where did you get this report from?
 
Is the figure accurate?

Also, it is wrong to say there weren't many competitive games. There were actually.

The tournament itself was a short tournament and a few games got rained out. We still got some good games (AFG-ENG, SA-NZ, and ENG-AUS).
 
Because PCB is very bad when comes to negotiation.

How the hell they allow UAE to take all gate money of Dubai leg?

Everyone knows that india match produce more money then rest of the tournament matches.

:kp
 
This 85 million USD loss has the same snakeoil feel as 1 trillion USD loss due to sindh floods. Nothing to do with reality.
 
I think this report is not accurate but Champion Trophy was definitely a loss for PCB. :kp
 
PCB had taken 500 cr loan for renovation of the stadium.

PCB was only institution in pakistan who was profitable but now PCB is not the same anymore.

No Profit From PSL , No big deals from broadcasters and Sponsers.

PCB is only dependent of ICC revenue otherwise they will become bankrupt.

Now people's who think PCB should have boycott the indian matches in ICC tournaments get Big reality check .

PCB is already reduced the match fees for domestic players and These cricketers, No five star hotels for the accommodation.

@Wasim Ghulam @Slim

:kp
 
You haven’t taken into account the renovation of the cricket stadiums which have now become world class and with a revolutionary trench system that has taken the viewing experience for the spectators to the next level.
Yea , renovation cost should be not included in the champion trophy loss because its a standard processes for any cricket stadium.

Only negative point is they started at the last moment which cost the 25% extra money.

:kp
 
Yea , renovation cost should be not included in the champion trophy loss because its a standard processes for any cricket stadium.

Only negative point is they started at the last moment which cost the 25% extra money.

:kp

Mohsin bhai knows more about thhekedari than anyone here
 
Masala news article. You can't include stadium upgrade in tournament costs. They are also including Pakistan's exit as part of the article on financial loss. It shows you cannot take Indian media seriously at all.

If the remainder of tournament ( apart from stadium) was indeed a loss then of course it is bad for Pakistan but bad for cricket overall too. The T20 world cup in USA and West Indies was also a loss ( I think).
 
Masala news article. You can't include stadium upgrade in tournament costs. They are also including Pakistan's exit as part of the article on financial loss. It shows you cannot take Indian media seriously at all.

If the remainder of tournament ( apart from stadium) was indeed a loss then of course it is bad for Pakistan but bad for cricket overall too. The T20 world cup in USA and West Indies was also a loss ( I think).

Why shouldn't stadium renovation cost be included?

If there was no CT, PCB wouldn't need to renovate 3 stadiums at one go. Plus there were massive cost overruns.

Also host nations early exit does affect gate receipts.
 
Kangali mein Aaya geela.. on top of that loss of tourism money as Indian did not travel. We need PCB to host few more hybrid models.
 
It's pretty clear Mohsin Naqvi has mismanaged and squandered PCB's coffers like it was baap ka paisa.
 
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Why shouldn't stadium renovation cost be included?

If there was no CT, PCB wouldn't need to renovate 3 stadiums at one go. Plus there were massive cost overruns.

Also host nations early exit does affect gate receipts.
Stadium is seperate to the champions trophy and we're due for an upgrade. Their overuns should be analysed but it seems weird to include it as part of the tournament cost. PCB still has overrun of the stadiums it is not like they have been sold at a loss.

The other financial loss they are claiming is $40 million on event preparations with only $6 million in return. I don't think the gate receipts if Pakistan had stayed in the tournament would have made up this deficit.
 
Money alone isn’t always the right way to count profits and losses. Human emotions must also be taken into account. The renovated stadiums, the revolutionary trench systems and top tier international cricket returning to Pakistan put a smile on millions of people’s faces who attended these games. Their happiness is priceless and is net profit got a nation deprived of happiness in the current times. All the little kids who got inspired by their idols during the Champions atrophy, some of them will become future superstars and mega brands and will bring all the revenues to Pakistan cricket. How would you calculate that? If you want to do a real audit go out there in the streets of Lahore , Karachi and see peoples renewed passion for the game. That’s when you will realize who was the ultimate winner and beneficiary from this tournament.
 
USD 85 million loss, lmao, I would love to see an audit report. :amir
Someone seems to have added the entire Capital cost of stadium renovation into this.
It is really doubtful that loss is this high, wtih broadcasting etc. It should have been profitable for Pakistan.
Losses in ICC tournament are going to be borne by the ICC not PCB.
 
Losses will come down once PCB receives host fees from ICC. But that will be 65mn USD. So still a loss of 20mn USD for the PCB
 
Money alone isn’t always the right way to count profits and losses. Human emotions must also be taken into account. The renovated stadiums, the revolutionary trench systems and top tier international cricket returning to Pakistan put a smile on millions of people’s faces who attended these games. Their happiness is priceless and is net profit got a nation deprived of happiness in the current times. All the little kids who got inspired by their idols during the Champions atrophy, some of them will become future superstars and mega brands and will bring all the revenues to Pakistan cricket. How would you calculate that? If you want to do a real audit go out there in the streets of Lahore , Karachi and see peoples renewed passion for the game. That’s when you will realize who was the ultimate winner and beneficiary from this tournament.
Also the London Apartments that will be brought with this money in the near future. It was a great investment in humanity.
 
This capital expenditure wasn't needed not at one go, if not for the CT.

If you buy a car for USD 50k, and then go to the movies right away (movie ticket costing 10 dollars) the cost of watching the movie isnt USD 50,010.

Just like a car, the stadium's will be used for years to come...
 
If you buy a car for USD 50k, and then go to the movies right away (movie ticket costing 10 dollars) the cost of watching the movie isnt USD 50,010.

Just like a car, the stadium's will be used for years to come...

Again, renovations could have been done over 3-4 years. PCB wouldn't need to take commercial loans. Players salaries won't be cut.
 
I think real question is not nitpicking on 20 USD loss or 80 USD loss.

My question is why should hosting an ICC tournnament by ANY country be a loss for the host country?

And if it is a loss, whats the point?

There is no loss and all these reports are silly. Obviously why would any country host tournaments if it could result in such huge losses. Obviously they’re not telling us everything big brother
 
I think real question is not nitpicking on 20 USD loss or 80 USD loss.

My question is why should hosting an ICC tournnament by ANY country be a loss for the host country?

And if it is a loss, whats the point?
World Cup 2023, the biggest Cricket World Cup ever, generated an incredible total economic impact of USD1.39 billion (INR 11,637 Crores) for the economy of India.

All depends on Host country marketing , Tourism reputation etc etc .

Pakistan Spend too much money on presidential security of 7 team's.

Its a combination of multiple factors .


:kp
 
I think real question is not nitpicking on 20 USD loss or 80 USD loss.

My question is why should hosting an ICC tournnament by ANY country be a loss for the host country?

And if it is a loss, whats the point?

Well ICC gives a fixed amount as hosting fees plus gate receipts and in ground sponsorship revenue to the hosting board.

If a board overshoots its budget. Has poor gate receipts and sponsor response how is ICC to be blamed?

PCB must have had Massive security costs too.

In 2011, SLC went bankrupt after hosting the WC. Because they spent millions in building a new stadium in Hambantota.
 
I think real question is not nitpicking on 20 USD loss or 80 USD loss.

My question is why should hosting an ICC tournnament by ANY country be a loss for the host country?

And if it is a loss, whats the point?

The figures are more like "we your haters so we gonna hate hate hate" but the stadium construction mismanagement is something that should worry all Pak cricket fans.

A phase 2 of stadium renovation was supposed to start immediately after the final of the tournament that listed the following things (at least)

NBS

1. Trench, stands, & roof upgrade
2. Permanent position of SMD screens
3. Complete overhaul of outside arena of the stadium including modified parking & building a proper building for PCB offices
4. Permanent parking outside the stadium with passenger bridges

GSL

1. Roof
2. Permanent positioning of SMD screens
3. Upgrade of area outside the stadium
4. Development of 5-Star hotel & underground tunnel/overhead walking bridge for access between stadium & hotel for players.

I am not sure if work on any of these has started as PCB is completely silent on Phase 2.
 
Naqvi has made some cool dough of Indian Cricket Council money on the side and pretty sure some apartments have been bought in Western countries.
 
I think real question is not nitpicking on 20 USD loss or 80 USD loss.

My question is why should hosting an ICC tournnament by ANY country be a loss for the host country?

And if it is a loss, whats the point?
I see last two t20 wcs were profitable. But interestingly aus made a loss of 16.3 million usd for the year 22 when they hosted wc despite the profits. I think unless the host is India, anyone will face the loss.but loss margin may be less if they are competent and professional.
 
@cricketjoshila let me know if am wrong.
Telegraph is anti bjp and it got the first news about pcb loss.I am guessing some one from across the border who hated naqvi must have passed the info.otherwise it does not make sense article of this kind to be not picked by pro bjp big publishers such as times etc.
 
@cricketjoshila let me know if am wrong.
Telegraph is anti bjp and it got the first news about pcb loss.I am guessing some one from across the border who hated naqvi must have passed the info.otherwise it does not make sense article of this kind to be not picked by pro bjp big publishers such as times etc.
Yes Telegraph is massively anti BJP.

But their cricket reporters have very deep roots.
 
I see last two t20 wcs were profitable. But interestingly aus made a loss of 16.3 million usd for the year 22 when they hosted wc despite the profits. I think unless the host is India, anyone will face the loss.but loss margin may be less if they are competent and professional.
Did the world cup in US not make a loss? I am sure I read some reports that it did.

I think this could be the end of the champions trophy - not because of Pakistan as host as maybe Indians will try to paint it but it appears difficult to make a case that an additional ODI trophy will interest the public.

Regardless of figures/losses the situation in Karachi should have been a wake up call for PCB.
 
No clue about the profit, but adding stadium expenditures to the total cost is sensationalist.

Those stadiums will be used in the PSL and all future home series too. It's not like the American stadium that was built and then taken apart.
 
Did the world cup in US not make a loss? I am sure I read some reports that it did.

I think this could be the end of the champions trophy - not because of Pakistan as host as maybe Indians will try to paint it but it appears difficult to make a case that an additional ODI trophy will interest the public.

Regardless of figures/losses the situation in Karachi should have been a wake up call for PCB.

WC in USA was fully funded by ICC and ICC made a loss of $20mn. ICC officials lost their jobs on this.

Some ICC officials lost their jobs due to CT 2025 also.
 
No clue about the profit, but adding stadium expenditures to the total cost is sensationalist.

Those stadiums will be used in the PSL and all future home series too. It's not like the American stadium that was built and then taken apart.

Was PCB going to renovate all 3 stadiums at one go? Was PCB going to take out loans to do that?
 
Was PCB going to renovate all 3 stadiums at one go? Was PCB going to take out loans to do that?
I have never heard of any infrastructure project being termed as a loss. Generally it is considered overspend or overrun.

You can only consider it a loss if it was expected to have generated X amount of revenue during the tournament as it is operational failure rather than overspend.

This isn't the case for these tournaments as it would be impossible to generate that amount of revenue on a few matches. Stadium takes multiple years for payback.There is no "loss" here. It is an article written by someone with no financial literacy.
 
I have never heard of any infrastructure project being termed as a loss. Generally it is considered overspend or overrun.

You can only consider it a loss if it was expected to have generated X amount of revenue during the tournament as it is operational failure rather than overspend.

This isn't the case for these tournaments as it would be impossible to generate that amount of revenue on a few matches. Stadium takes multiple years for payback.There is no "loss" here. It is an article written by someone with no financial literacy.

PCB started this renovation on the back of ICC approving budget for CT and paying pakistan a hosting fees.

Without this event PCB were not making any renovations.

Now PCB overshot the ICC budget and took out loans to cover the expenses.

That's why its a loss.

If you're building a particular infrastructure considering a particular event and if that overshoots the budget and you have to take loans to cover the costs its a loss.
 
Did the world cup in US not make a loss? I am sure I read some reports that it did.

I think this could be the end of the champions trophy - not because of Pakistan as host as maybe Indians will try to paint it but it appears difficult to make a case that an additional ODI trophy will interest the public.

Regardless of figures/losses the situation in Karachi should have been a wake up call for PCB.
Ah apologies. I wasn't clear. I was trying to figure out whether hosting a tournament became a white elephant like an Olympics. So i was the checking last host who minted money apart from india after covid.
 
Again, renovations could have been done over 3-4 years. PCB wouldn't need to take commercial loans. Players salaries won't be cut.

Whether renovations are done over 3-4 years or in one month, it doesnt matter. it's still capex vs opex -- this is something you are failing to understand
 
Whether renovations are done over 3-4 years or in one month, it doesnt matter. it's still capex vs opex -- this is something you are failing to understand
Its matter a lot. PCB budget of 12 Bn but due to emergency they already spent 18 bn and still renovation hasn't finished .

Who is going to take the extra 8-10 Bn lose? ofcourse PCB

:kp
 
Yea , renovation cost should be not included in the champion trophy loss because its a standard processes for any cricket stadium.

Only negative point is they started at the last moment which cost the 25% extra money.

:kp
They were given 70 million for that
 
They were given 70 million for that
No. It was entire budget of hosting the champion trophy including prize money , every expenses of team player's like accommodate ,travel and cost of the UAE leg is much more than Pakistan.

Everything related to champion trophy had included in 70mn

:kp
 
PCB started this renovation on the back of ICC approving budget for CT and paying pakistan a hosting fees.

Without this event PCB were not making any renovations.

Now PCB overshot the ICC budget and took out loans to cover the expenses.

That's why its a loss.

If you're building a particular infrastructure considering a particular event and if that overshoots the budget and you have to take loans to cover the costs its a loss.

It will still be cited as a capital expenditure. Yes, this includes the loan(s).

Most capital expenditures are funded like that.

The PCB will have taken out any additional loan with the capital expenditures in mind. They can earn the money back and write it off as net revenue against the CapEx in future financial statements until the balance reaches zero. It's only a realized loss if you sell the company or go bankrupt without being in a surplus.

This would be the case if the renovations cost $1 or $1 trillion.

Like I said, it might very well be a loss-generating tournament for the PCB but not with these sensationalist elements where stadium renovations are added for dramatic effect.
 
It will still be cited as a capital expenditure. Yes, this includes the loan(s).

Most capital expenditures are funded like that.

The PCB will have taken out any additional loan with the capital expenditures in mind. They can earn the money back and write it off as net revenue against the CapEx in future financial statements until the balance reaches zero. It's only a realized loss if you sell the company or go bankrupt without being in a surplus.

This would be the case if the renovations cost $1 or $1 trillion.

Like I said, it might very well be a loss-generating tournament for the PCB but not with these sensationalist elements where stadium renovations are added for dramatic effect.

You are making this capital expenditure because you were hosting this event. Without this event you were not looking to make this expenditure. Because without upgrades ICC wouldn't allow the hosting.

Your expectation was that the ICC hosting fees and event revenue will help recoup this expenditure.

It didn't. Forcing you to take out loans.

PCBs hope now lies on the ICC woman's event to offset some of these losses. Else this is a white elephant event. Because PCB doesn't have anything else that will justify such large scale capital expenditure.

In past only two such events have happened where a ICC event has ruined the finances.

2011 WC when SLC was bank rupted as they built two new stadiums and the ICC hosting fees and revenue from the matches didn't cover the cost.

2024 T20WC where ICC had 20mn USD of extra expenditure in USA. ICC sacked the officials.
 
Whether renovations are done over 3-4 years or in one month, it doesnt matter. it's still capex vs opex -- this is something you are failing to understand

First question is, was this capex necessary unless ICC was holding this event?

Secondly if anyone is spending the CapEx over 6 months or 4 years matters. You spend as per your revenue.
 
Didn't the ICC allocate $65-70 million for the CT? This was money provided by the ICC to the PCB for the costs of running the tournament.

I bet the writer is factoring in this money and including it as part of the profit loss calculations via PCB
 
Didn't the ICC allocate $65-70 million for the CT? This was money provided by the ICC to the PCB for the costs of running the tournament.

I bet the writer is factoring in this money and including it as part of the profit loss calculations via PCB

Usually stadium renovation etc are carried out with the money a board gets from ICC. Unless you do a SLC 2011 or PCB 2025
 
You are making this capital expenditure because you were hosting this event. Without this event you were not looking to make this expenditure. Because without upgrades ICC wouldn't allow the hosting.

Your expectation was that the ICC hosting fees and event revenue will help recoup this expenditure.

It didn't. Forcing you to take out loans.

PCBs hope now lies on the ICC woman's event to offset some of these losses. Else this is a white elephant event. Because PCB doesn't have anything else that will justify such large scale capital expenditure.

In past only two such events have happened where a ICC event has ruined the finances.

2011 WC when SLC was bank rupted as they built two new stadiums and the ICC hosting fees and revenue from the matches didn't cover the cost.

2024 T20WC where ICC had 20mn USD of extra expenditure in USA. ICC sacked the officials.
Concept of "loss" must be different in India to the ROW.

There is no stadium on earth that has a payback period of 6-7 matches lol. You can't judge a stadium construction with such a crazy metric.
 
Usually stadium renovation etc are carried out with the money a board gets from ICC. Unless you do a SLC 2011 or PCB 2025

The $70 million was meant to cover the costs, logistics of hosting the tournament i.e. cost of hosting practice games, regular group fixtures, semi finals, finals, cost of security, cost of broadcasters, crew, maybe some security expenses. The capital expenditures for the stadium was incurred by the PCB themselves.
 
The $70 million was meant to cover the costs, logistics of hosting the tournament i.e. cost of hosting practice games, regular group fixtures, semi finals, finals, cost of security, cost of broadcasters, crew, maybe some security expenses. The capital expenditures for the stadium was incurred by the PCB themselves.

No. The cost of stadium renovation is also included. Its same for all hosts.

BCCI also got money for renovation in 2023.
 
Concept of "loss" must be different in India to the ROW.

There is no stadium on earth that has a payback period of 6-7 matches lol. You can't judge a stadium construction with such a crazy metric.

Alright, answer this question, what extra revenue PCB will generate that will offset this capital expenditure.

There are only two such extra revenue generation the two ICC events that PCB was alloted. One is over.
 
You are making this capital expenditure because you were hosting this event. Without this event you were not looking to make this expenditure. Because without upgrades ICC wouldn't allow the hosting.

Your expectation was that the ICC hosting fees and event revenue will help recoup this expenditure.

It didn't. Forcing you to take out loans.

PCBs hope now lies on the ICC woman's event to offset some of these losses. Else this is a white elephant event. Because PCB doesn't have anything else that will justify such large scale capital expenditure.

In past only two such events have happened where a ICC event has ruined the finances.

2011 WC when SLC was bank rupted as they built two new stadiums and the ICC hosting fees and revenue from the matches didn't cover the cost.

2024 T20WC where ICC had 20mn USD of extra expenditure in USA. ICC sacked the officials.
‘24 WC was understandable because they were hosting it in USA and trying to market the game in USA.
 
How can the highlighted bit be PCB's fault?
Because a lot of teams arrived last minute in Pakistan. No warm up games, poor crowds, extremely flat decks.
There is a reason why Dubai games were more competitive, because of the pitch.
 
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