PCB decides to postpone Super League

LAHORE: The Pakistan Cricket Board (PCB) has decided to postpone its first Super League for not getting healthy bidders and not having enough time to hold it in January next year.

“In keeping with the decision taken by the 30th meeting of the Board of Governors, Pakistan Cricket Board (PCB) chairman Mr Shaharyar M. Khan met with the representatives of the two bidders for the Live Pakistan Super League (PSL) rights –– Haier and Aman Foundation –– here on Tuesday afternoon,” a PCB press release states.

“The PCB chairman explained to the representatives of both the bidders that why it had become extremely difficult to organise the inaugural PSL edition in January. Chief among the reasons behind taking this decision was the paucity of lead time.

“The PCB chairman thanked both the bidders on understanding the Board’s predicament while communicating to them cancellation of the bidding process, simultaneously handing back the financial proposals, bid security and bid participation fee to the bidders unopened,” the press release said.

The PCB chairman also acknowledged the commitment shown by both the bidders in the PSL process.

“The PCB is committed to holding the PSL, and I hope that both Haier and Aman Foundation shall take part in the bidding when the tendering process is reinitiated shortly.

“The Board meanwhile is finalising a window in the future tours programme which affords it sufficient lead time to launch PSL well and make the event a success,” said the PCB chairman.

Meanwhile, sources said the PCB was not satisfied with the financial position of both the bidders.

PCB announces high profile Bid Committees for Media Rights & Pakistan Super League (PSL)

LAHORE: The PCB has announced formation of two Bid Committees, for Media Rights and Pakistan Super League (PSL), each chaired by a high profile personality of unimpeachable integrity and proven competence with members also possessing of exceptional track record in terms of expertise and uprightness.
Bid Committee for Media Rights
Following last year’s transparent bid process in awarding media rights, the PCB has initiated another bid process, inviting potential bidders through high circulation newspapers from broadcasters or companies of international repute which may wish to acquire the Media Rights for the upcoming Pakistan vs. Australia and Pakistan vs. New Zealand series from October to December 2014, to be hosted by PCB in UAE.
The Bid Committee for Media Rights will be headed by former ICC President Mr. Ehsan Mani and its members will include amongst others former Federal Finance Minister Dr. Salman Shah. Mr. Ehsan Mani has successfully conducted the Media Rights bid process for PCB on multiple occasions in the past. The entire process will be monitored by an independent audit firm which will submit its report after due process to the PCB’s management.
Bid Committee for Pakistan Super League (PSL)
Last year, the PCB’s plans to organize PSL had to be shelved due to various reasons. This year the PCB has, after a thorough review of the modalities, decided to adopt the outright sale model and in this regard an advertisement in local and international newspapers has been published inviting parties to acquire the bids for the PSL rights which is tentatively scheduled in December 2014 and January 2015.
The Bids Committee formed for PSL rights is headed by former PCB Chief Executive and cricket commentator Mr. Chishty Mujahid and will include among others Dr. Salman Shah. The entire process will be monitored by an independent audit firm of international standing.
Bid Committee for International Media Rights:
Chairman: Mr. Ehsan Mani;
Members: Dr. Salman Shah, Mr. Subhan Ahmad, COO; Mr. Badar M. Khan, CFO; Mr. Badar Refaie, Director Marketing; Mr. Ahmad Hosain, Legal Consultant; Mr. Salman Naseer (Secretary); M/s. Ernst & Young (Independent External Auditors)
Bid Committee for the PSL Rights:
Chairman: Mr. Chishty Mujahid;
Members: Dr. Salman Shah, Mr. Zaheer Abbas, Member MC; Mr. Subhan Ahmad, COO; Mr. Badar M. Khan, CFO; Mr. Badar Refaie, Director Marketing; Mr. Zaki Rehman, Legal Consultant; Mr. Salman Naseer (Secretary); M/s. Ernst & Young (Independent External Auditors)