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PCB income surges by over 108% during 2019 as compared to the earnings of year 2018

Abdullah719

T20I Captain
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ISLAMABAD, Mar 11 (APP):The income of Pakistan Cricket Board (PCB) surged by over 108.45 percent during 2019 as compared to the earnings of year 2018.

The PCB generated a total of Rs 10.696 billion income in 2019 through different sources against the income of Rs 5.131 billion witnessed in year 2018, according to the official document available with APP.

According to the breakup figures, the PCB generated income through different channels including tours and tournaments, sponsorship and logos, return on investments and bank deposits and other sources.

The income of the board through tournaments increased by 124 percent, it said adding that it included tours inside (neutral venues) and outside the country.

An income of Rs 9.690 billion was generated through tournaments in 2019 against the income of Rs 4.325 billion in the year 2018.

The board generated Rs 4.27 and Rs 5.41 billion though tours outside and inside Pakistan in 2019 respectively as compared to that of Rs 964.5 million and Rs 3.360 billion in 2018, respectively.

The income through sponsorship and logos increased by 16 percent in 2019 when compared to the income under these heads in 2018. The board generated Rs 238.02 million through sponsorship and logo in 2019 compared to Rs 204.99 million in 2018.

The PCB saw 53 percent increase in the income through return on investments and bank deposits as it generated Rs 707.9 million in 2019 compared to Rs 459.8 million in 2018.

However, a decrease of 80 percent was witnessed in the rental income of the board during 2019 as compared to 2018 as it went down from Rs 25.37 million in 2018 to Rs 4.874 million in 2019.

Likewise, the board generated Rs 54.3 million through other income sources as compared to Rs 115.5 million through these sources in 2018, showing a decline of 52 percent.

https://www.app.com.pk/pcb-income-increases-108percent-in-2019/
 
All these comparisons should be done in USD otherwise they dont really mean much and could be misleading.
 
All these comparisons should be done in USD otherwise they dont really mean much and could be misleading.

10 billion PKR is roughly $63 million.


They should be spending most of it on First Class/List A player compensation + rebuilding the stadiums.

That's not what's happening. Domestic cricketers continue to rot.

Probably not enough amount to rebuild the stadiums, but domestic players should live like kings/queens.
 
All these comparisons should be done in USD otherwise they dont really mean much and could be misleading.

Went from $31 million to $61 million. They don't include the $100 million or something we get from the ICC (I thin)
 
What I meant was because of the currency devaluation of PKR against the dollar, making claims like 108% more doesn't mean anything.

Previous years income should be compared in USD to give a better idea if there was more income or the same in USD.
 
What I meant was because of the currency devaluation of PKR against the dollar, making claims like 108% more doesn't mean anything.

Previous years income should be compared in USD to give a better idea if there was more income or the same in USD.

Lol you caught a loophole, I remember certain IT companies doing that in India, when rupee was revalued in 2013, showing increase in profits.
 
What I meant was because of the currency devaluation of PKR against the dollar, making claims like 108% more doesn't mean anything.

Previous years income should be compared in USD to give a better idea if there was more income or the same in USD.

Well the dollar to PKR didn't increase by 108% since 2018.

It was around 140 at the end of 2018 and 153 at the end of 2019
 
Domestic players need to be paid a lot more next season.

2 lacs monthly retainer for the first XI and 1 lacs montly retainer 2nd XI
 
Well the dollar to PKR didn't increase by 108% since 2018.

It was around 140 at the end of 2018 and 153 at the end of 2019

Beginning of 2018 was around 110, then slowly went to 120, it was only near the end of 2018 where it was near 140.

I am not saying revenue did not increase, what I am saying is, statements like 108% more revenue are entirely misleading. This is used to fool people, so that management or politicians can show people how much better business is doing under their watch.
 
These figures might include world cup hand-outs. Which is usually a quite large sum.
 
Beginning of 2018 was around 110, then slowly went to 120, it was only near the end of 2018 where it was near 140.

I am not saying revenue did not increase, what I am saying is, statements like 108% more revenue are entirely misleading. This is used to fool people, so that management or politicians can show people how much better business is doing under their watch.

Fair point and we need to see the details but on the face of it, it is improvement
 
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