Wednesday , July 6 2022

PSL Broadcasting Rights Price 2022 secures 358% rise for new broadcast deal

PSL Broadcasting Rights Price 2022 secures 358% rise for new broadcast deal informed you by preparationPoint Team. Lahore, 23 December 2021: Cricket fans in Pakistan will be able to watch the seventh and eighth editions of the HBL Pakistan Super League on A Sports and PTV Sports after a consortium of ARY and PTV submitted the highest bid, pursuant to a public tender process, for a TV broadcast deal with the Pakistan Cricket Board for the 2022 and 2023 seasons.

The consortium of ARY and PTV submitted the highest bid, which is an increase of 50 per cent increase from the last cycle for PSL Broadcasting Rights Price 2022.

PSL Broadcasting Rights Price 2022

PSL Broadcasting Rights Price 2022
That the bid has such a whopping increase is because of the broadcasters’ interest in showcasing the Pakistan cricket stars, who have enjoyed a terrific run in international cricket recently, and the Pakistan Cricket Board’s efforts to galvanise the sport’s fan base.
Babar Azam’s side has won 12 of their last 13 completed T20Is to finish 2021 with record 20 wins in the short format, the most for any international side.
PCB Acting CEO Salman Naseer: “The PSL Broadcasting Rights Price 2022 extraordinary interest and increase in the TV broadcast rights of the HBL Pakistan Super League underscores how popular the tournament has become despite being launched just six years ago.
PSL signs broadcast deal with A Sports and PTV sports for USD 24 million
“I want to thank the consortium of ARY and PTV for valuing the biggest product of Pakistan cricket, which has become a source of inspiration for thousands of young children to take up the sport.”
ARY Group CEO Salman Iqbal: “I am overjoyed to have bid the highest amount for HBL Pakistan Super League TV broadcast rights for the next two seasons. I have always supported Pakistan and Pakistan’s cricket. It is an honour for me to have exceeded the reserve price for the broadcast rights and a source of joy to know this significant amount will go toward the growth of Pakistan cricket.”
Bidding rights for PSL: PTV-ARY ‘consortium’ violates court order
PTV Managing Director Amir Manzoor: “PTV has always supported Pakistan cricket for PSL Broadcasting Rights Price 2022 and I am proud to announce that we will once again be a part of broadcasting and promoting Pakistan’s own league, the PSL Broadcasting Rights Price 2022 or HBL Pakistan Super League.”
The PTV-ARY consortium initially quoted the bid price of Rs2.1 billion whereas Geo Super, while following the instructions of the bidding process, quoted Rs3.36 billion price for two years. However, the PTV-ARY consortium claimed that their offer was only for a year.
Apparently, during the first phase of the bidding process, Geo Super’s offer was higher than the PTV-ARY consortium after which the ARY clarified that their quoted price was only for one year. The PCB bidding committee asked all the bidders to rebid.
During the rebidding process, the ARY and PTV offered Rs4.35 billion for two years whereas, Geo Super offered Rs3.74 billion for two years. The Geo management protested the formation of PTV-ARY partnership without inviting other parties, as it was clearly against the court’s verdict. However, the PCB’s bidding committee said this was beyond their jurisdiction and up to Geo to take up the matter with any relevant platform.
This development comes following the PCB’s efforts to broadcast its marquee event around the globe. Previously, the board joined hands with Willow TV (North America), Flow Sports (Caribbean), Sky Sports (United Kingdom), Sky Sport (New Zealand) and Super Sport (Africa) to broadcast its international home season and HBL Pakistan Super League from 2021 till 2023.
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