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Pakistan Super League franchises hold back on bank guarantees

The six franchises in the Pakistan Super League cricket tournament are refusing the Pakistan Cricket Board's demand to produce bank guarantees ahead of the new season, until they are provided with audited accounts for the last season of the competition.

According to The Indian Express, the franchises are arguing for a greater share of league revenues to help offset losses they've suffered in the first four seasons of the tournament. The teams are given a share of league commercial revenues each year by the PCB, the league's organiser.

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