Pakistan Cricket Board Signs $20m TV Deal (04 Apr 1996)
SINGAPORE, April 3: Money seems to be pouring into the treasury of the Pakistan Cricket Board (PCB) as it has signed a US $ 20 million television rights contract for the live pictures of the Friendship Cup to be played in Canada in September
04-Apr-1996
4 April 1996
PCB signs $20m TV deal
Special Representative
SINGAPORE, April 3: Money seems to be pouring into the treasury
of the Pakistan Cricket Board (PCB) as it has signed a US $ 20
million television rights contract for the live pictures of the
Friendship Cup to be played in Canada in September.
The PCB alongwith the Indian Board of Control for Cricket (BCCI)
had jointly signed a five-match series deal in North America last
month.
According to the contract, the Pakistan team will get US $ five
million per year. The series is expected to continue at least
till 1999.
The television rights contract was signed by the TransWorld
International (TWI) who are the agents of the PCB. The contract has been signed on 75-25 percentage. 75% of the money
will be equally shared by India and Pakistan while the rest
will go to the agents.
According to an estimate , the PCB will have a share of US $ six
million from the US $ 20 million package.
Source :: Dawn Group Of Newspapers
(https://www.cricket.org/link_to_database/SUPPORT/DAWN/)