Clear dues or sell shares: PCB warns PSL franchise

The PCB has given a deadline of July 31 to a franchise of the Pakistan Super League to clear its dues or face the ignominy of having its shares sold out before the second edition of the PSL.
During the meeting of the PSL governing council in Lahore this week it emerged that a franchise, which reached the semi-finals of the first edition in February, had failed to submits guarantee amount to the board.
"The owners have now been given a deadline of July 31st to submit the guarantee money or their shares will be put up for sale to recover the money," one PSL council source said.

Najam Sethi, who heads the PSL governing council, announced that interest in the league had gone beyond expectations and efforts were being made to include more high profile foreign players in the second edition.
"We have managed to contract Brendon McCullum and Eoin Morgan for the second edition and they are proven international stars who will not only bring vast international experience but a wealth of invaluable leadership experience to the PSL," Sethi said.
"While we have announced only these two names there are at least a dozen additional top-level signings that will be revealed in the coming days," he added.

Sethi promised at the governing council meeting that the second edition of the PSL in February 2017 would be bigger and better.

He said efforts would be made to have the PSL final either at Lahore or Karachi and much would depend on the foreign signings.
In the first edition Shane Watson, Chris Gayle, Dwayne Bravo, Kevin Pietersen, Andre Russell, Darren Sammy, Tamim Iqbal, Shakib ul Hasan were among the top foreign signings.
It was also announced after the council meeting that the Karachi, Lahore and Quetta franchises had agreed to invest and get involved in their respective regions in domestic cricket.