ICC Likely to Face Financial Loss as Pakistan Mulls Boycotting Matches with India
Verma Writes to PCB: Urgent Need to Resolve Tax Issue
The International Cricket Council (ICC) is likely to face a significant financial loss if Pakistan boycotts its matches with India amidst the ongoing tax row between the two countries.
In a letter to the Pakistan Cricket Board (PCB), ICC Chief Executive Manu Sawhney has expressed his concern over the issue and urged the board to resolve it urgently.
According to sources, the ICC is expecting a revenue loss of around USD 100 million if Pakistan withdraws from its matches against India in the upcoming Asia Cup and the 2023 World Cup.
PCB Maintains Firm Stance on Tax Exemption
The PCB has maintained a firm stance on its demand for tax exemption for its players when they participate in matches in India.
The Indian government had earlier imposed a 20% entertainment tax on the earnings of Pakistani players, which the PCB has refused to accept.
The PCB has argued that the tax exemption is essential for the financial viability of the board and to ensure that its players are not discriminated against.
ICC Concerned About Damage to Cricket
The ICC has expressed its concern that the ongoing tax dispute between India and Pakistan could damage the sport of cricket.
The council has urged both boards to find a solution that will allow the matches between the two countries to take place as scheduled.
The ICC believes that the boycott of India-Pakistan matches would not only affect the financial health of the game but also deprive fans of the opportunity to witness some of the most exciting contests in world cricket.
Financial Implications for PCB
If Pakistan boycotts its matches with India, the PCB will not only lose out on the revenue from those matches but also face penalties from the ICC.
The ICC has warned that teams that boycott matches without a valid reason could be suspended from international cricket.
The PCB is currently exploring its options and is expected to make a decision on the matter in the coming days.
Impact on Asia Cup and World Cup
If Pakistan boycotts its matches with India, it could have a major impact on the upcoming Asia Cup and the 2023 World Cup.
The Asia Cup is scheduled to be held in Pakistan in September 2023, while the World Cup will be held in India in October-November 2023.
The absence of Pakistan from either tournament would be a major blow to the event and would significantly reduce its commercial value.
