PCB says will earn USD 300 m from four series against India

The Pakistan Cricket Board (PCB) has said that it can expect to earn 450 million dollars over the next eight years, mainly from hosting four series with arch-rivals India.

According to Sport24, India and Pakistan have signed an agreement to play a total of six series -- the other two will be hosted by India -- on the sidelines of an International Cricket Council (ICC) annual conference in Melbourne last week.

The potential windfall for Pakistan was made possible after they conditionally agreed to approve an ICC revamp that gives major powers to cricket's "Big Three": India; Australia and England.

The shake up, which Pakistan initially opposed, was formally endorsed at the meeting in Melbourne.

PCB Chairman Najam Sethi said that had the deal not worked out, Pakistan Cricket would have gone bankrupt by 2016, and that of the 450 million dollars, 300 million dollars would be earned from the series against India.

Sethi added Pakistan had bolstered its position in the ICC after he was elected to the body's five-member executive committee at the conference, which he believed would earn his country the remainder.