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Monday Jul 27 2020

PCB issues clarification after Broadsheet threatens to seize Pak cricket assets

The PCB is in contact with the concerned authorities in Islamabad regarding this issue. —

KARACHI: The Pakistan Cricket Board has reminded the concerned authorities that it is an autonomous body and doesn’t run on public money after reports suggest that Broadsheet LLC., the company that won the arbitration case against the state of Pakistan and the National Accountability Bureau (NAB), has already sought court orders instructing professional bailiffs “to seize the assets of the Pakistani cricket team".

According to a report published in The News on Monday, the company has notified that it considers that the Pakistan cricket team is, by the very nature, an asset of the defendant and that monies due to the team and assets of the team are assets of the defendant to the litigation.

However, the Pakistan Cricket Board (PCB) has brushed aside this claim saying that the PCB is an autonomous body and it doesn’t run on public money.

“We are aware of the development that has taken place, we have nothing to do with this dispute but we are in touch with relevant authorities,” said a spokesman of PCB.

“The team is currently in England and preparing for the Test series against the hosts and players are ECB’s guests,” the spokesman added.

The PCB has also reminded officials in Islamabad that it has no nexus whatsoever with the arbitration and/or recovery proceedings between Broadsheet LLC and the Islamic Republic of Pakistan & National Accountability Bureau of Pakistan.

“Moreover, the PCB stands established under the Sports (Development and Control) Ordinance 1962 as a body corporate having perpetual succession with exclusive authority for the regulation, administration, management, and promotion of the game of cricket in Pakistan. The PCB operates through its Constitution as an autonomous entity.

The PCB operates and functions independently from the Government, generates its own revenues and receives no grants, funds or monies from either the Federal or Provincial Governments, the Consolidated Funds or the Public Exchequer,” the PCB said

Meanwhile, the cricket circles have expressed surprise at the move to target the Pakistan team ahead of an important series and have termed this as an attempt to distract the team.