The Gaddafi Stadium in Lahore will renamed for commercial reasons. In 1974, the Lahore stadium was name after former Libyan President Muammar Gaddafi.
Former Pakistani cricketer and PCB chairman Ramiz Raja has announced that the name of Gaddafi Stadium in Lahore will be changed for sponsorship reasons. The stadium’s name is being change solely for commercial reasons, with no political motivations.
The stadium known as the Lahore Stadium since its inception in 1959. However, in 1974, it was name in honor of former Libyan President Muammar Gaddafi. It should be noted that the Libyan president deliver a speech in Lahore during the OIC conference. After which the stadium rename in honor of Gaddafi.
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PCB chief Ramiz Raja: Negotiations with a number of sponsors is going on
The PCB Chief has announced that the cricket board is already in advanced negotiations with a number of interested sponsors. The winning sponsor will also have the option to rename the stadium.
“We hired YouGov to estimate the brand value of our stadium and how much sponsorship deals would be worth.” Ramiz Raja was quoted as saying by Pakistan Observer.
“This is true not only of the Gaddafi Stadium, but also of the NSK and others.” We’ve been working on this for a while now, and the response from sponsors has been positive. “Once we finalize a deal [for Lahore], the name Gaddafi will be completely removed, with the name of a sponsor replacing it,” he added.
Earlier in the day, the PCB chief hinted that the PSL may abandon the draft system beginning with the next season. Ramiz emphasized that he intends to replace the draft system with the auction model. Which has proven to be extremely successful for the Indian Premier League (IPL) since its inception in 2008. However, he also stated that he will consult with the franchises first before proceeding.
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