LAHORE - Pakistan Cricket Board executive committee head Najam Aziz Sethi Tuesday announced that the inaugural edition of Pakistan Super League (PSL) produced profit of $2.6 million.

Sethi described the profit as a welcome sign. “Fortunately, we had a US dollars 2.6 million profit but since the franchises incurred some losses, we decided to give $2 million to them and reduced our profit to $0.6m,” Sethi said at a press conference held here at the PCB headquarters after the Board of Governors (BoG) meeting. He said around $6m was earned from television rights and gate money.

He said the PSL was launched with the purpose of boosting Pakistan’s cricket standards. “Pakistan’s young cricketers would benefit from the PSL, just as the Indian Premier League (IPL) had helped India, by allowing them to play alongside experienced international stars.”

The country’s first ever T20 league indulged franchise-based five teams in the healthy cricketing event in the UAE. Sethi said a sixth team was likely to be added next year after negotiations. “The PSL was successful and there is a huge demand to add one more team,” he added.

Speaking about the BoG meeting, PCB chairman Shaharyar Khan said: “The meeting was very good. According to PCB constitution, I could take many important decisions by myself including appointment of head coach and forming committees, but I preferred to discuss this with the board to take a final decision. This step was appreciated by all the BoG members.”

Shaharyar said that the name for Pakistan head coach had been finalized but refused to reveal his name. “The head coach could be either local or foreigner. We want to appoint the best suitable candidate for Pakistan cricket. Unfortunately, I couldn’t announce the name of coach but we have finalized the name.

“We have to negotiate with the coach and if we announce the name earlier, it can create problems for us while negotiating with the new coach, so you have to wait for a few days for this,” he added.

About PCB committees, the PCB chief said: “It is also under my domain to form and run the committees. During the meeting, it was decided that cricket committee would be separated from the domestic cricket affairs committee. Only cricketers will be part of the cricket committee.

“I also suggested that we must have a woman cricketer in the committee while the current cricketers including Misbah, Younus Khan and Sana Mir cant be part of this committee, unless they get retirement. The suggestions were appreciated and okayed by the members,” he said. “The TORs of the cricket committee and domestic affairs committee have been fine-tuned,” he added.

Shaharyar also announced to organise cricket championships at schools level to hunt fresh talent. “We are soon going to start school-level championships in all the 16 regions. Either they are public or private schools, all will be engaged and we will provide them each and every facility to groom well,” he added.