Pakistan\u2019s biggest commercial agreement in cricket has been finalized, with the media rights of the Pakistan Super League sold to Walee Technologies for Rs 26 billion over four years.<\/p>\n
According to details, three bidders competed for the rights, with Walee Technologies securing the deal by offering a bid approximately Rs 3 billion above the reserve price.<\/p>\n
Matches are expected to be broadcast on Pakistan Television Corporation, while two major sports channels were disqualified after failing to clear outstanding payments despite being granted additional time.<\/p>\n
The league is also set to expand, with the number of matches increasing from 34 last season to 44 following the inclusion of two new teams.<\/p>\n
Under the revenue-sharing framework, after production costs are deducted, any broadcast deal exceeding Rs 3 billion annually will allocate $500,000 for signing icon overseas players. Of the remaining revenue, 80 percent will go to the Pakistan Cricket Board, while 20 percent will be distributed among the franchises.<\/p>\n","protected":false},"excerpt":{"rendered":"