The PSL should be profitable this year simply based on the crowd attendance

[Imy]

Awesome crowd. I think PSL as a commercial event has now come on its own. With the great crowds in Karachi i would be surprised if PSL does not make money this year.
Good going Pakistan Cricket. Proud of you.

 

[saeed5646]

Karachi crowd deserves appreciation. Excellent atmosphere throughout the karachi leg of matches.

 

[topspin]

Once matches are back in Pakistan's flagship stadium (GSL), that's when we'll see PSL's full potential from a financial investment perspective.

 

[Rana]

Imran Khan should have two more venues approved and ready added to Lahore and Karachi for next year. 4 venues for the matches will be brilliant!

 

[saeed5646]

238k watching current match on youtube.Pretty impressive

 

[aloo paratha]

How expensive were the tickets?

 

[Savak]

According to some estimates, Rs 1 billion plus has been generated by the economy based on the PSL alone being held in Pakistan by everyone

 

[saeed5646]

How expensive were the tickets?

According to the sources, the PSL 4th edition 2019 tickets for the spectators are available from Rs 500 to Rs 12,000 for Karachi and Lahore matches. The price for Karachi matches starts from Rs 500 and goes up to 12,000 according to the location you select. In the same way, the price for the Lahore matches starts from Rs 1,000 and goes up to 12,000 according to your preferred location.

However, the tickets for the PSL Final will be available at a higher price that will be announced later.
https://www.thepost.com.pk/story/4010/psl-tickets-for-karachi-lahore-matches-available-at-rs-500/

 

[TeymurBlake]

Next years PSL will need to have more venues ready. Lahore and Karachi are locked but two more need to be prepared.

 

[srh]

remember Pakistan is a poor country; if there are some matches in Pakistan then it can be housefull and you can make a profit but if all matches are in Pakistan then it will not be housefull and you may not make a profit.

 

[saeed5646]

remember Pakistan is a poor country; if there are some matches in Pakistan then it can be housefull and you can make a profit but if all matches are in Pakistan then it will not be housefull and you may not make a profit.

As if uae provide us full houses .same was said about 8 matches in karachi will be overkill but crowd show up in all the matches

 

[Green Patriot]

Gotta appreciate the crowd in Karachi.

They have been superb.

 

[srh]

As if uae provide us full houses .same was said about 8 matches in karachi will be overkill but crowd show up in all the matches

novelty factor; next year PSL will be ok with all matches in Pakistan because that would be the 1st time; but after that PSL has to improvise to keep going

 

[saeed5646]

novelty factor; next year PSL will be ok with all matches in Pakistan because that would be the 1st time; but after that PSL has to improvise to keep going

Depend on pcb management if they can renovate 2 more grounds and distribute fixtures fairly .there won.t be problem to attract crowd

 

[aloo paratha]

remember Pakistan is a poor country; if there are some matches in Pakistan then it can be housefull and you can make a profit but if all matches are in Pakistan then it will not be housefull and you may not make a profit.

Tickets would obviously become cheaper for group games if the entire PSL took place in Pakistan. Also it's not like the PCB was making any profit in the UAE.

 

[ataullah]

Imran Khan should have two more venues approved and ready added to Lahore and Karachi for next year. 4 venues for the matches will be brilliant!

Multan stadium can easily be ready and then i think pindi cricket stadium or even Iqbal stadium at Faisalabad

 

[CadPakFan]

I heard about this stadium being built in Bahria Town Karachi for a couple of years now, does anyone know when it will be available for use and if it will be used for the PSL in years to come?

 

[saeed5646]

I heard about this stadium being built in Bahria Town Karachi for a couple of years now, does anyone know when it will be available for use and if it will be used for the PSL in years to come?

The owner of bahira town is currently facing court trail .The stadium is not his first priority right now.

Ground will take long time before it gets ready

 

[Savak]

I heard about this stadium being built in Bahria Town Karachi for a couple of years now, does anyone know when it will be available for use and if it will be used for the PSL in years to come?

It appears no construction is being done there and that it has been halted.

 

[shaz72]

remember Pakistan is a poor country; if there are some matches in Pakistan then it can be housefull and you can make a profit but if all matches are in Pakistan then it will not be housefull and you may not make a profit.

If the matches are distributed and start at 8.00 pm i'm sure i'll will generate revenue.

 

[Angrez Pakistani]

A little bit of vision goes a long way. If PCB had spent the last two years increasing the capacity of NSK they could've actually doubled the profits as far as gate money was concerned.

 

[SensiblePakFan]

Multan and Pindi!!! I swear if they arnt venues next year then ive lost all hope in the PCB.

 

[zoeyfactor]

If there are 32,000 spectators coming for each game and the average ticket price is 1250 that's 40 million RUPEES revenue per game. Decent money. Multiply that by 8 and that's about $2.5 million DOLLARS for all Karachi games.

 

[SarfiBabarHaris]

I attended Faisal Bank t20 match some years back in Rawalpindi and the stadium was jam packed and many were outside the stadium.

Pindi should host some matches too.

 

[zn426]

novelty factor; next year PSL will be ok with all matches in Pakistan because that would be the 1st time; but after that PSL has to improvise to keep going

It's about the product, not gimmicks. As long as people can afford the tickets and the on the field product is good, stadiums will stay full.

 

[srh]

It's about the product, not gimmicks. As long as people can afford the tickets and the on the field product is good, stadiums will stay full.

thats the main thing; people cannot afford these tickets prices for too long;

 

[Savak]

thats the main thing; people cannot afford these tickets prices for too long;

Ticket prices of Rs 500-1,000-2,000-5,000 are pretty standard, This is how it was previosuly as well and yet the stadiums in KHI are always jam packed

 

[Pakpak]

I heard about this stadium being built in Bahria Town Karachi for a couple of years now, does anyone know when it will be available for use and if it will be used for the PSL in years to come?

Why do people keep bringing up this dead horse? The stadiums' owner Malik Riaz is stuck on court cases with his very financial survival and freedom on the line, why on earth would he care about some stadium at this stage. For all intent and purposes that stadium shouldn't even be mentioned.

 

[rhony]

If there are 32,000 spectators coming for each game and the average ticket price is 1250 that's 40 million RUPEES revenue per game. Decent money. Multiply that by 8 and that's about $2.5 million DOLLARS for all Karachi games.

Those are the revenues. How about the costs associated with each game? It's a great morale booster for the country for sure but from a pure financial perspective, it's the TV rights that make a difference and gate fees not so much. Typically the board pays for the security but I'm not sure if GOP is bearing the costs here.

 

[Hawkeye]

Hmm, no.

It doesn't work like that.

Overall, there's not a lot of money in circulation, e.g. when it comes to sponsors paying the PCB or TV rights, etc.

Gate money isn't your money maker usually, it's the TV, media rights and sponsorships.

Companies in Pak can't afford to pay that much, as compared to other better/developed economies they just don't have the $$ cashflow.

Once matches are back in Pakistan's flagship stadium (GSL), that's when we'll see PSL's full potential from a financial investment perspective.

From a financial perspective, Karachi should yield more revenue. It's the financial, media and sponsors hub.

 

[Savak]

Hmm, no.

It doesn't work like that.

Overall, there's not a lot of money in circulation, e.g. when it comes to sponsors paying the PCB or TV rights, etc.

Gate money isn't your money maker usually, it's the TV, media rights and sponsorships.

Companies in Pak can't afford to pay that much, as compared to other better/developed economies they just don't have the $$ cashflow.





From a financial perspective, Karachi should yield more revenue. It's the financial, media and sponsors hub.

Lol, to say there is not enough money in circulation in Pakistan is stretching it. Malik Riaz wouldn't offer to pay the SC Rs 450-800 billion to get off his behind if that was the case.

Pakistan has a lot of money, companies and people need to be enticed to spend, invest and take risks. Based on my experiences and observations, Pakistani's by nature compared to other nationalities are risk averse and will only shell out money when something is absolutely guaranteed whereas other nationalities will shell out money even when the end result is uncertain but they are willing to take the risk and put in the hard work to get the best possible result for themselves.

 

[Savak]

Those are the revenues. How about the costs associated with each game? It's a great morale booster for the country for sure but from a pure financial perspective, it's the TV rights that make a difference and gate fees not so much. Typically the board pays for the security but I'm not sure if GOP is bearing the costs here.

Gate receipts make some difference when you have played 50-60 games in front of full jam packed houses per year for 10 years. Getting some money on a consistent basis is better than getting zero in front of empty stadiums in UAE.

Plus its the psychological impact as well, just watching full jam packed crowds day in day out provides an unparralled feel good factor and is looked at very favourably to broadcasters.

 

[Sirris]

Peshawar and Quetta need to be a venue too, at least in the long term.

 

[Hawkeye]

Lol, to say there is not enough money in circulation in Pakistan is stretching it. Malik Riaz wouldn't offer to pay the SC Rs 450-800 billion to get off his behind if that was the case.

Pakistan has a lot of money, companies and people need to be enticed to spend, invest and take risks. Based on my experiences and observations, Pakistani's by nature compared to other nationalities are risk averse and will only shell out money when something is absolutely guaranteed whereas other nationalities will shell out money even when the end result is uncertain but they are willing to take the risk and put in the hard work to get the best possible result for themselves.

That is an exception, and an example of the richest in Pak.

Now that richest is not even close to the richest of our neighbor. Or more developed economies.

And most of the companies, the bulk, from the pool that will sponsor or grab rights, don't have that kind of budgets.

 

[FreePalestine]

How long did it take to get through security and to the ground?

 

[the Great Khan]

we really need a stadium in Islamabad...also think they can easily hold different legs around pakistan..e.g multan leg,lahore leg, karachi and then pindi..

 

[Savak]

That is an exception, and an example of the richest in Pak.

Now that richest is not even close to the richest of our neighbor. Or more developed economies.

And most of the companies, the bulk, from the pool that will sponsor or grab rights, don't have that kind of budgets.

Well if we are talking about $billion budgets then i agree with you. But the amount that Pakistan Cricket needs is a lower and manageable amount. The PSL Broadcast rights deal was given a Pakistani advertising consortium for $33 million and this is for a league that wasn't even played full fledged in Pakistan.

 

[Slim]

LOL @ OP.

I mean sorry, i dont want to come across as being a-hole but seriously crowd attendance money is peanuts. We should compare the pros and cons of organizing in Pakistan:

Pros:

- Crowd Attendance
- Dont have to pay rent to UAE board
- Local circulation of money
- Important for bringing international cricket back to Pakistan

Cons:

- Massive security expense, dont know if the Gov of Pakistan is bearing it or the PCB, i would prefer the latter

Now, if all pros overwhelm the one but significant con then its all good!

 

[hussain.r97]

remember Pakistan is a poor country; if there are some matches in Pakistan then it can be housefull and you can make a profit but if all matches are in Pakistan then it will not be housefull and you may not make a profit.

If they can get two more stadiums renovated for the next PSL, then there won't be a problem with attendance. Over a period of time, you would probably have 5 group games in Multan and Lahore, and 9 in Karachi and Rawalpindi. Also, having the first full Pakistan PSL will surely attract crowds.

In the following PSL, they should try and get another couple of stadiums ready, maybe somewhere in places like Faisalabad, Gujranwala, Sialkot? That would ensure matches spread out between stadiums even more. Peshawar should also be readied, maybe try and host games there in 3-4 years?

 

[unemployedgm]

Seven Matches in Karachi will have raised close to a million dollars. That isn’t profitability.

But moving the PSL back to Pakistan would be a step in the right direction to enhancing all revenue generating aspects of a sports franchise and entity.

Finally achieving profitability in sports is very difficult.

 

[srh]

Moving back to PSL is the right decision but dont count on gate money to make profit. Remember not long time ago people were not coming to stadium to watch matches for some big tournament and PCB was forced to make the entry free for people to come. The cost of living has increased in Pakistan (heard its more now in current government's rule) and dont expect people to cut down their basic necessities to buy match tickets. They can only do so much. If its a revolving PSL each season, for e.g. first few matches in Karachi then shift to Lahore then to other cities (minimum 3 cities each season), then it can succeed as there will not be burden on only people of 1 city.

 

[rhony]

Gate receipts make some difference when you have played 50-60 games in front of full jam packed houses per year for 10 years. Getting some money on a consistent basis is better than getting zero in front of empty stadiums in UAE.

Plus its the psychological impact as well, just watching full jam packed crowds day in day out provides an unparralled feel good factor and is looked at very favourably to broadcasters.

Agree with every point including gaining some revenue through gate receipts. I was wondering if playing at home will make a diffference in TV rights.

 

[mon858]

Agree with every point including gaining some revenue through gate receipts. I was wondering if playing at home will make a diffference in TV rights.

also add to that not having to pay UAE board for use of their facilities, UAE hotel charges higher than pak, travel costs in business class internationally vs domestic flights.

 

[Savak]

Agree with every point including gaining some revenue through gate receipts. I was wondering if playing at home will make a diffference in TV rights.

Ofcourse it does, it puts PCB in a strong bargaining position with the broadcasters as they now have evidence over the popularity of the league

 

[Hawkeye]

Ofcourse it does, it puts PCB in a strong bargaining position with the broadcasters as they now have evidence over the popularity of the league

You're talking about future TV rights.

This thread is about profitability this season. Just because of some Khi matches and gate money it won't happen.

Theoretically, PCB should be in a better position to negotiate the deals and rights, once the PSL is fully back in Pak.

Yes.

But it's still theoretical and away in future.

 

[gazza619]

Multan stadium can easily be ready and then i think pindi cricket stadium or even Iqbal stadium at Faisalabad

How can u not name Peshawar which has the best crowd in my view

 

[reversehook]

In Pakistan the logistical costs are much lower, and other stadium and related expenses are low, gate income will be good as its way more compared to the emirates, hence the owners/pcb can benefit and in turn money can be alloted to the stadia's which require upgrades/renovations...

i would suggest fixing/readying 1 stadium at a time to proper intl lvl requirements rather than half arsd fixes on a few which will lead us no where...

 

[Theo_14]

I don’t think so.

Security measures, player bonuses, preparation for Lahore Stadium but then shifting it to Karachi (Logistic cost etc) and Tv deal as Indian company pulled out.

I expect PSL 2020 to flourish financially; If its held in Pak & also HD channel needs to be launched.

 

[Angrez Pakistani]

Everything is linked. Bigger crowd motivates the players to do better. Players doing better lifts the standard of cricket. Higher standard of cricket brings more viewers on tv. More tv audience bump up the financial side of a tv deal down the road.

Bigger crowds also bring more gate money.

On the whole, there should be no argument against the fact that holding the league in Pakistan and getting bigger crowds is only going to increase the profitability of the league.

 

[Angrez Pakistani]

Not to mentioned the fact that since PCB actually hold the lease of NSK helps them avoid the cost of booking the stadium and it reduces the cost of holding the league = more profits.

 

[srh]

Ideally first half of regular matches in 1st city (say Karachi), then second half of regular matches in 2nd city (say Lahore) and finally all playoff matches and final in 3rd city (say Peshawar). Then next year repeat the same exercise with another set of 3 cities (say Multan, Faisalabad and Rawalpindi).

 

[Savak]

Ideally first half of regular matches in 1st city (say Karachi), then second half of regular matches in 2nd city (say Lahore) and finally all playoff matches and final in 3rd city (say Peshawar). Then next year repeat the same exercise with another set of 3 cities (say Multan, Faisalabad and Rawalpindi).

Don't think the IPL has 2 games on the same stadium on the same day, PSL needs to follow whatever happens in the IPL and implement it.

 

[Savak]

Everything is linked. Bigger crowd motivates the players to do better. Players doing better lifts the standard of cricket. Higher standard of cricket brings more viewers on tv. More tv audience bump up the financial side of a tv deal down the road.

Bigger crowds also bring more gate money.

On the whole, there should be no argument against the fact that holding the league in Pakistan and getting bigger crowds is only going to increase the profitability of the league.

The bigger picture is the multiplier effect on the Pakistan economy, will attract FDI in the country, wouldn't foreign investors want a slice of a successful league.