Pakistan Cricket Board vs Ali Khan Tareen – Who is Right and Who is Wrong?

[Rana]

Here are some things that the anti PCB brigade will put a blind eye over:

1. The PCB hired EY to do a valuation assessment of the current franchises and the PSL brand in order to present the valuation for the current owners to buy at a 25% on top rate…first right of buy goes to the current owners and if they refuse, the franchise goes into auction.

-EY have been trying to get in touch with Ali Tareen/Multan Sultans to get accounts and Data relevant to their assessment so that they can finish their process.

+Multan Sultans/Ali Tareen has not responded to any of EY’s calls or emails. They even tried different numbers to call from to see if Tareen and Co. Respond….all efforts unsuccessful.

-whilst knowing that EY are on the case of all Franchises, Ali Tareen instead has been going on all of these talk shows, Twitter, podcasts etc. and has been making all sorts of disrespectful comments towards the PCB/PSL committee.

Insiders believe that Ali Tareen is doing his best to devalue the league+Franchises as much as he can so that the EY valuation is far less than what it should be, and therefore he has a complete free shot at purchasing a below value Multan Franchise. Plain and simple!

The PCB can see through this charade and have therefore simply decided to part ways with Tareen. They will put the Sultan’s franchise up for sale at the market value determined by EY using whatever data they have through the PSL committee and other franchises.

 

[Rana]

What are Sultans hiding in their accounts?!! Why are they not sharing them???

 

[lucky_fish]

I don't know this guy..I don't follow the PSL.

BUT

This guy is hilarious

 

[BunnyRabbit]

Two clowns fighting.

 

[BouncerGuy]

What are Sultans hiding in their accounts?!! Why are they not sharing them???

It is not sultans actually... Tareen group has many other connections here... Sultans is nothing in front of that.

 

[Ball Blazer]

Preparations underway for PSL franchise team renewals for another 10 years.

An important meeting held at PCB headquarters under the chairmanship of PSL CEO Salman Naseer.

Middle Eastern Chartered firm EY MENA presented parts of the valuation report on PSL.

EY MENA was represented by Mohsin Iqbal (partner) and his team.

The renewal of franchise agreements will be based on the revised fair market value of the teams.

The projected market value for two new franchise teams was also deliberated upon.

EY MENA will finalise and submit the fair market values of the franchises within a few days.

Existing franchise teams who are in compliance of the terms of their franchise agreement will be offered the right to renew for a period of 10 years.

 

[Savak]

Preparations underway for PSL franchise team renewals for another 10 years.

An important meeting held at PCB headquarters under the chairmanship of PSL CEO Salman Naseer.

Middle Eastern Chartered firm EY MENA presented parts of the valuation report on PSL.

EY MENA was represented by Mohsin Iqbal (partner) and his team.

The renewal of franchise agreements will be based on the revised fair market value of the teams.

The projected market value for two new franchise teams was also deliberated upon.

EY MENA will finalise and submit the fair market values of the franchises within a few days.

Existing franchise teams who are in compliance of the terms of their franchise agreement will be offered the right to renew for a period of 10 years.

PCB is now considering doing away with payments of Franchise Fees and Salaries in USD and switching to PKR. Pakistani Franchise owners will definitely be happy with this, not sure about the foreign players and staff.

 

[Rana]

Existing franchise teams who are in compliance of the terms of their franchise agreement will be offered the right to renew for a period of 10 years

AI translation of the Urdu release on Twitter

“Only eligible teams from the current ones will be able to participate in the new bidding”

This part basically means Tareens will not be included

 

[Rana]

https://twitter.com/x/status/1982085258934878547

Here we go again.

 

[Abid Z]

Well I think one thing is for sure. The PCB don’t look like a modern professional outfit that can resolve disputes the proper way and Ali Tareen is an investor that just can’t work with the current lot. It’s just got to be a parting of ways plain and simple but the PCB needs to get its act together

 

[Rana]

Well I think one thing is for sure. The PCB don’t look like a modern professional outfit that can resolve disputes the proper way and Ali Tareen is an investor that just can’t work with the current lot. It’s just got to be a parting of ways plain and simple but the PCB needs to get its act together

There are 5 more franchises

Who’s behaving like Ali Tareen?

 

[Devadwal]

https://twitter.com/x/status/1982085258934878547

Here we go again.

Man is exposing PCB and PSL day by day.

 

[Nasty Naz]

Preparations underway for PSL franchise team renewals for another 10 years.

An important meeting held at PCB headquarters under the chairmanship of PSL CEO Salman Naseer.

Middle Eastern Chartered firm EY MENA presented parts of the valuation report on PSL.

EY MENA was represented by Mohsin Iqbal (partner) and his team.

The renewal of franchise agreements will be based on the revised fair market value of the teams.

The projected market value for two new franchise teams was also deliberated upon.

EY MENA will finalise and submit the fair market values of the franchises within a few days.

Existing franchise teams who are in compliance of the terms of their franchise agreement will be offered the right to renew for a period of 10 years.

So it sounds like the lease system will remain.

Honestly, it blows my mind that this system exists and will continue to exist. Why would any owner invest money into the team if you are just going to be a care taker at the end of the day and PCB can take it away from you if they don't like you or what you have to say. I don't think PSL will ever see true growth until this leasing system is removed.

 

[RidiculousMan]

PCB is now considering doing away with payments of Franchise Fees and Salaries in USD and switching to PKR. Pakistani Franchise owners will definitely be happy with this, not sure about the foreign players and staff.

Why would foreign players and staff feel otherwise?

They will get paid each year whatever amount is setup for that year's PSL

 

[MenInG]

Tareen continues