The total profit of the board dwindled since the PCB has promised to distribute around 200 million rupees among the five franchises to cover their losses from inaugural edition of the T20 tournament.
But PSL chairman Najam Sethi said yesterday that the PCB was satisfied with the outcome of the first PSL since initially it was thought the tournament would not be a profitable one.
"But we have managed to make an overall profit of USD 2.6 million from the country's first ever Twenty20 league which is a healthy and encouraging sign for us," Sethi told the media in Lahore.
Not only did it generate interest but also hit record television viewership figures worldwide as the PCB adopted the strategy of producing and broadcasting the league itself and aired it simultaneously on three sports channels after buying airtime from them.
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"Overall the PSL was a bigger success than we initially expected and the profit is a welcome sign," Sethi said.
He said around USD 6 million were earned from television rights and gate money.
The inaugural edition was won by the Islamabad United franchise led by Test captain Misbah-ul-Haq and coached by Dean Jones and Wasim Akram.
He said the franchises had already increased their brand value after the success of the first edition. Sethi pointed out that Quetta Gladiators, which was brought for an annual sum of just USD 1.1 million, was now valued at around USD 2 million.
Sethi said the PSL would soon be registered as a company with the PCB as its owners. He said it was his dream to have some matches of the PSL's second edition in Pakistan.