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NEW DELHI: The Pakistan Cricket Board (PCB) has finalized a deal worth PKR 1 billion with a private bank for the naming rights of the Gaddafi Stadium in Lahore for five years.
The stadium, which was named after Libyan leader Muammar Gaddafi in 1974, will now bear the name of the bank.
The move follows a similar deal for the National Stadium in Karachi, now known as the National Bank Cricket Arena.
Although the PCB has yet to officially announce the deal, insiders have confirmed its completion.
“The deal is for one billion rupees while the board had sold naming rights for the Karachi stadium for 450 million dollars,” one insider said.
The initiative to sell naming rights for cricket stadiums in Pakistan began in 2021 under former PCB chairman and ex-captain Ramiz Raja.
The deal for the Karachi stadium was completed during his tenure.
Now headed by Interior Minister Mohsin Naqvi, the PCB aims to use the revenue from such deals to manage renovation costs for three main stadiums in the country, ahead of the ICC Champions Trophy 2025.
Additionally, Naqvi seeks to increase revenue streams to support domestic cricket, which is expected to benefit Pakistan cricket overall.
“Naqvi also wants to increase revenue streams to support domestic cricket which will benefit Pakistan cricket,” the source added.
The stadium, which was named after Libyan leader Muammar Gaddafi in 1974, will now bear the name of the bank.
The move follows a similar deal for the National Stadium in Karachi, now known as the National Bank Cricket Arena.
Although the PCB has yet to officially announce the deal, insiders have confirmed its completion.
“The deal is for one billion rupees while the board had sold naming rights for the Karachi stadium for 450 million dollars,” one insider said.
The initiative to sell naming rights for cricket stadiums in Pakistan began in 2021 under former PCB chairman and ex-captain Ramiz Raja.
The deal for the Karachi stadium was completed during his tenure.
Now headed by Interior Minister Mohsin Naqvi, the PCB aims to use the revenue from such deals to manage renovation costs for three main stadiums in the country, ahead of the ICC Champions Trophy 2025.
Additionally, Naqvi seeks to increase revenue streams to support domestic cricket, which is expected to benefit Pakistan cricket overall.
“Naqvi also wants to increase revenue streams to support domestic cricket which will benefit Pakistan cricket,” the source added.
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