Sports

PCB to Face a Loss of Rs90 Million as PTV Pulls Out of Production

PCB PTV production

Pakistan Cricket Board (PCB) will be paying extra Rs 90 million after PTV Sports withdrawal from the bidding procedure for the production rights of Pakistan’s international and domestic events.

Following the withdrawal of PTV from production, a group of New Delhi based SportzWorkz and UAE-based Tower Sports grabbed the production rights for the 33 matches of the National T20 Cup, 11 matches of the Quaid-e-Azam Trophy and 3 ODIs and 3 T20 between Pakistan and Zimbabwe.

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A group of PTV Sports and Dubai-based IPG had submitted the lowest big of Rs 270 million in the Request for Proposal (RFP) procedure which involved Pakistan Cricket board pre-qualified production partners.

However, the second bid was submitted by SportzWorkz and Tower Sports that was Rs 359 million, which was successfully accepted.

After the pulling out of PTV Sports from the bidding process, the PCB will be paying Rs 359 million to contract the production of Pakistan’s International home series and domestic season, which is almost Rs 90 million more than the lowest bid of Rs 270 million that was put on the table by government broadcaster.

PCB to shell out Rs90m extra for production after PTV pulls out

Pakistan Cricket Board (PCB) could have saved Rs 90 million if PTV had not withdrawn from the bidding process despite submitting the lowest bid in the process.

Sharing inside news of PTV Sports on why pulling out of the bidding process at the dying moment, the PTV representative revealed that there was a short time to complete all the technical necessities which resulted in stepping back.

“There was an acute paucity of the time needed to complete the procedural requirements which wasn’t really possible leading to their withdrawal.”

However, PTV Sports and I-Media Communication Service hold the transmission rights of Pakistan’s international series and domestic events, which was recently signed with PCB worth $200 million for a three-year tenure.

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