Pakistan’s earned Rs 3b profit from Champions Trophy, says PCB advisor

LAHORE: Pakistan’s profits from hosting ICC Champions Trophy 2025 amounted to Rs 3 billion. This was revealed by Amir Mir, Advisor to Pakistan Cricket Board (PCB) Chairman. In a press conference held here today, Amir Mir and PCB Chief Financial Officer (CFO) Javed Murtaza said that the reports of losses are mere propaganda.

Amir Mir said, “Propaganda is being spread regarding the Champions Trophy”. He added, “India media lied about the losses of the Champions Trophy.” Mir also said that no money was spent on the Champions Trophy from the PCB treasury.

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“The ICC bears all the expenses for the ICC event,” Mir said, adding that the ICC’s budget for the Champions Trophy was $70 million. “The ICC had allocated $10 million for Pakistan,” he said.

He said that Pakistan proved that we are capable of hosting any global event. “India used to spread propaganda regarding security. No unpleasant incident occurred during the Champions Trophy. Foreign teams came to Pakistan,” and the event concluded peacefully.

He also praised the leadership of the PCB Chairman Mohsin Naqvi, saying that the PCB’s financial position strengthened during his tenure. “During the financial year 2023-24, PCB has earned a record profit in history. Never before has PCB made Rs 10 billion in a year,” Amir Mir said, adding, “PCB has paid Rs 4 billion in tax to the national treasury. We can estimate from taxes how much profit was made.”

He said that PCB is one of the three richest cricket boards in the world. “Three stadiums have been upgraded to international level in the first upgrade since 1966,” he said, adding that the the upgrade work was also completed in record time. “This is a huge investment. Now we have stadiums of international standards,” Mir said.

The advisor also said that the financial sheet will be published on the PCB website.

Speaking on India’s decision to not come to Pakistan, Mir said that while India has tried to harm Pakistan, it will suffer more itself. “Pakistan will not go to India for the next three years either. Pakistan and India [games] have a lot of value.

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PCB CFO Murtaza concurred with Mir, saying that PCB has not incurred any financial loss. He said, “PCB is the only institution that has paid Rs 4 billion in taxes. Our income has increased by 40 per cent this year.”

He shared that the budget for the [stadiums’] upgrade was Rs 18 billion, in two phases. Rs 10.5 billion was spent in the first phase, while the rest will be spent in the second phase. “About three billion profit was made from ground fees and tickets, our estimate was two billion,” he said, adding, “Upgradation of stadiums is not only for the Champions Trophy but for thirty years”.