PCB wrote off Rs 1.7 million of "legal fees" due from Mohammad Yousuf

[MenInG]

So what is happening here?

Why is the PCB writing off legal fees etc (not sure what they are for) but asking for money from ICC or not writing off PHF's loan etc?


http://indianexpress.com/article/sp...key-federation-to-return-loan-amount-4372127/

The PCB has come under fire after asking the cash-strapped Pakistan Hockey Federation (PHF) to return a loan of 10 million rupees it was given in 2000 to send the national team to the Sydney Olympics.

The chief operating officer of the PCB Subhan Ahmad has written a letter to his counterpart in PHF asking him to make arrangements to return the 10 million rupees either in two instalments or in full.
The PCB’s move to demand the money back from the PHF at a time when the national sport is facing a financial crunch has been roundly criticised by some former players and critics.

The criticism has come as the PCB this week, at its general body meeting, wrote off an amount of 1.7 million due from former Pakistan captain Mohammad Yousuf as legal fees and also approved an amount of 6.5 million rupees for the medical treatment of chairman Shaharyar Khan who recently underwent a heart surgery in London.

“The PCB spends millions extravagantly on its officials going abroad and other unnecessary costs but it can’t write off the loan to PHF which governs our national sport,” former Test player Jalaluddin said.

PHF secretary Shahbaz Ahmed said he had requested the PCB to try to convert the loan into a special grant or allow it to pay back in instalments as presently the PHF didn’t have enough funds to even meet its international commitments.

“The money was given to the federation 16 years ago but the PCB is now insisting on its return and we don’t have this money to spare as we are still awaiting release of funds from the government,” he added.

The money was given to the PHF before the 2000 Olympics on the orders of the former PCB chief Lt General (retd) Tauqir Zia.

The PCB remains the richest sports body in Pakistan and is not reliant on grants or funds from the government or the Pakistan Sports Board but even it has asked the ICC to set up a special fund for Pakistan cricket.

 

[AlphaFighter]

Yousaf is a legend. The PCB did not give him a loan at the time, they spent the money on him of their own free will.

 

[Sherlock]

I think they may be writing off Yousuf's debt because he may be taking up a role within the Pakistan Cricket outfit soon...

His ego won't allow such outstanding fees to be lurking in the background, and he may have made that clear when they appointed him?

 

[MenInG]

Yousaf is a legend. The PCB did not give him a loan at the time, they spent the money on him of their own free will.

Can you give more details if you know them?

Legend or not, loans etc cannot be waived like that. Corporate governance etc

 

[AlphaFighter]

Can you give more details if you know them?

Legend or not, loans etc cannot be waived like that. Corporate governance etc

It was not a loan. The PCB paid for Yousaf's legal fees when he was fighting the ICL after backing out of a signed contract. The moment Yousaf went back to the ICL, the PCB demanded Yousaf reimburse them the legal fees they spent on him. But the arrangement was not a loan from the onsett, it was the PCB which in frustration changed the arrangement into a loan.

The right conclusion has occurred.

 

[MenInG]

It was not a loan. The PCB paid for Yousaf's legal fees when he was fighting the ICL after backing out of a signed contract. The moment Yousaf went back to the ICL, the PCB demanded Yousaf reimburse them the legal fees they spent on him. But the arrangement was not a loan from the onsett, it was the PCB which in frustration changed the arrangement into a loan.

The right conclusion has occurred.

It was money owed to the PCB.

 

[AlphaFighter]

It was money owed to the PCB.

Not from the onsett. The PCB has rightfully acknowledged that it had no basis for demanding repayment from Yousaf.

 

[AlphaFighter]

I think they may be writing off Yousuf's debt because he may be taking up a role within the Pakistan Cricket outfit soon...

His ego won't allow such outstanding fees to be lurking in the background, and he may have made that clear when they appointed him?

He is being paid approximately Rs 25 million per annum. Surely he can afford to take a pay cut on one paycheque atleast. But the matter was decided in principle to be incorrect and the PCB has righfully stepped aside.

 

[Gabbar Singh]

I'm glad he's getting the best treatment possible but given he's a career diplomat (and therefore won't be short of a rupee or 2) why are the PCB paying 6.5 million rupees for the medical treatment of chairman Khan? Can't he pay for it himself?

 

[Pete Rose]

It was money owed to the PCB.

Yeah, as usual he is making thing up.

 

[Sherlock]

He is being paid approximately Rs 25 million per annum. Surely he can afford to take a pay cut on one paycheque atleast. But the matter was decided in principle to be incorrect and the PCB has righfully stepped aside.

The words principle and the PCB shouldn't go in the same sentence tbf.

 

[AlphaFighter]

Yeah, as usual he is making thing up.

Not really, it is the PCB making things up. If the PCB has documents to prove that the Rs 1.7 million was given to Yousaf as a loan and with Yousaf's signatures on the loan documents then they are most welcome, but no document exists hence the PCB had no choice but to swallow their pride and ego.

 

[sshakir411]

Not really, it is the PCB making things up. If the PCB has documents to prove that the Rs 1.7 million was given to Yousaf as a loan and with Yousaf's signatures on the loan documents then they are most welcome, but no document exists hence the PCB had no choice but to swallow their pride and ego.

legal fees are never classified as loans because they're an expense to the organization. If Yousuf went back to ICL after fighting them in court he needs to pay the legal fees. Had he not gone back the PCB wouldn't have asked for reimbursement. This is normal procedure with every organization.

 

[AlphaFighter]

legal fees are never classified as loans because they're an expense to the organization. If Yousuf went back to ICL after fighting them in court he needs to pay the legal fees. Had he not gone back the PCB wouldn't have asked for reimbursement. This is normal procedure with every organization.

Not really, there are organizations which pay for tuitions, professional fees for employees, at times even legal fees and those employees still show no loyalty and end up leaving the organization for a better opportunity. Don't see them asking for a reimbursement from these ex employees. Yousaf is within his rights not to pay up and the PCB has done the write thing in backing off.

 

[sshakir411]

Not really, there are organizations which pay for tuitions, professional fees for employees, at times even legal fees and those employees still show no loyalty and end up leaving the organization for a better opportunity. Don't see them asking for a reimbursement from these ex employees. Yousaf is within his rights not to pay up and the PCB has done the write thing in backing off.

it's not as simple as you put it..with majority of companies (this info should be available on the web) if you do take any kind of assistance (tuition, continuing education, etc.) it comes with a condition of spending one whole year with the company (after acceptance of the financial help)...if you leave before that you have to pay the company back. Amazon is notorious to give extremely large sign on bonuses to new hires but they come with a condition that if you leave before two years you have to return part of the bonus back (pro rated).

 

[Pete Rose]

Not really, it is the PCB making things up. If the PCB has documents to prove that the Rs 1.7 million was given to Yousaf as a loan and with Yousaf's signatures on the loan documents then they are most welcome, but no document exists hence the PCB had no choice but to swallow their pride and ego.

Not interested in your opinion of the situation. So I repeat, don't make up stuff to pass it out as fact.

 

[AlphaFighter]

Not interested in your opinion of the situation. So I repeat, don't make up stuff to pass it out as fact.

The only fact which can prove what is correct and incorrect if the PCB can produce the document i mentioned.

 

[AlphaFighter]

it's not as simple as you put it..with majority of companies (this info should be available on the web) if you do take any kind of assistance (tuition, continuing education, etc.) it comes with a condition of spending one whole year with the company (after acceptance of the financial help)...if you leave before that you have to pay the company back. Amazon is notorious to give extremely large sign on bonuses to new hires but they come with a condition that if you leave before two years you have to return part of the bonus back (pro rated).

Doesn't happen at the accounting firms i have heard off i.e Big 4. Once they take new hires they are gambling on them staying at the firm.

 

[Ami]

Its so sad with regards to hockey...even though its a difficult decision....i think PCB should make an effort to write some of the loan off at least.

Hockey, is our national sport, and, believe it not has seen far far better days than cricket ever would, im sure people growing up in the 70s and early 80s would testify to this.

 

[sshakir411]

Doesn't happen at the accounting firms i have heard off i.e Big 4. Once they take new hires they are gambling on them staying at the firm.

not true..Look it up..this information is available on the internet...big 4 pays for your CPA review course and your licensing fees (total of $5k) and puts a condition of one year with the firm.

 

[GrandMaster]

6.5 million PKR for heart surgery is a bit too much. He could have saved 70% of that amount if he would have done that surgery somewhere else.

 

[Itachi]

it's not as simple as you put it..with majority of companies (this info should be available on the web) if you do take any kind of assistance (tuition, continuing education, etc.) it comes with a condition of spending one whole year with the company (after acceptance of the financial help)...if you leave before that you have to pay the company back. Amazon is notorious to give extremely large sign on bonuses to new hires but they come with a condition that if you leave before two years you have to return part of the bonus back (pro rated).

Question is.... Did PCB put some condition?

If yes and it was violated, PCB has a case.

If no, then PCB just got out played.

 

[AlphaFighter]

Question is.... Did PCB put some condition?

If yes and it was violated, PCB has a case.

If no, then PCB just got out played.

I suspect there was no condition. I mean Yousaf hasn't paid the PCB all these years and the PCB was unable to do anything about it all this while which means they had no case to begin with.

 

[Itachi]

I suspect there was no condition. I mean Yousaf hasn't paid the PCB all these years and the PCB was unable to do anything about it all this while which means they had no case to begin with.

I think it'll boil down as bf gf loan.

Gf has some trouble. So bf gave some loans.

After the break up, the bf realized the girl borrowed some money earlier. So he's asking for it.

If the girl says, there was no obligation to return, she doesn't need to pay back even if she admits he did give her the money. It generally counts as gift.

At thay time, if PCB stood up for their asset (him), good for PCB but if no written documentation about returning it, PCBs stance becomes very weak now.

 

[AlphaFighter]

I think it'll boil down as bf gf loan.

Gf has some trouble. So bf gave some loans.

After the break up, the bf realized the girl borrowed some money earlier. So he's asking for it.

If the girl says, there was no obligation to return, she doesn't need to pay back even if she admits he did give her the money. It generally counts as gift.

At thay time, if PCB stood up for their asset (him), good for PCB but if no written documentation about returning it, PCBs stance becomes very weak now.

My point exactly. The legal fees that the PCB paid were on as asset, it wasn't a loan hence they had no case against Yousaf.

 

[Bewal Express]

The PCB is a gravy train for the well connected. Why does Sheryar Khan need to go abroad for treatment? Are there no heart surgeons in PK?