Pakistan Cricket Board (PCB) lost a huge sum of money after the ICC Champions Trophy, which was the first ICC tournament in Pakistan in 29 years. The PCB lost a record Rs 869 crore in preparations for the tournament, including stadium refurbishment, security, etc. But the board earned only Rs 52 crore from hosting and ticketing fees. This led to a huge loss of Rs 739 crore, and the PCB's future to host big events was doubted. The poor financial performance has placed the PCB in a defensive position, and it is now reconsidering hosting future tournaments. The loss also questioned the long-term sustainability of hosting such tournaments in Pakistan.

Disappointing Return Despite Success of the Event:

While the Champions Trophy as a sporting event was a success, with the Pakistani team performing well and the crowd attending in good mood, the return in the form of finance was much less than expected. The PCB also expected to gain a profit by staging the tournament, but ticket and sponsorship sales were not sufficient to counter the astronomical expense. The loss signals the risks involved in hosting international events. The PCB will now have to investigate future events and how to organize them so that they raise sufficient money to avoid future financial losses. The board can also seek means of securing better sponsors and high turnout at future tournaments so as to reduce financial risks. In the future, the PCB can seek alternative revenue sources so that they can be profitable in the future.

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High Risks in Hosting Big Events:

This loss illustrates the danger in hosting large international events. Despite the fact that the PCB incurred a lot in preparing for the Champions Trophy, the revenue generated was not sufficient to offset the expenses. The board will have to plan thoroughly for future events to ensure that they are economically viable.