Well-placed sources in the PCB said on Monday that the figures ranging between 125-150 crore rupees and even more being spoken off by PCB Chairman Ejaz Butt were not correct or factual.
"The truth is that after the final settlement over Pakistan's share of World Cup matches, Pakistan will get a maximum amount of 110 crore rupees and this includes the hosting fees of USD 10.5 million," one source said.
He said Pakistan would like all other nations also be paid their share of the revenue from the World Cup by the ICC after the tournament is over. "This amount could be anything between USD 6 to 7 million dollars," he said.
The source made it clear that the final settlement with the ICC was a proper document and there was no mention in it about the ICC being responsible for convincing India to play a bilateral series with Pakistan at any neutral venue.
"That is just a discussion held between Butt and Morgan," the source added.
The source said Butt was desperate for financial benefits for Pakistan from the World Cup dispute because with no signs of relations with India improving and bilateral cricket ties resuming soon, the PCB was close to facing a financial crunch.
India was supposed to tour Pakistan early this year and then in 2013 under the future tours program but this year's tour is already cancelled and anything could happen by 2013.
"If India does not tour Pakistan during the period of the television rights contract the PCB has signed with Ten Sports then it could lose around 70 per cent of the USD 140.5 million contractual fee," the source said.
The source also said that despite lodging a legal challenge, the PCB remained in a weak position of bargaining with the ICC during negotiations with the ICC as Pakistan was being increasingly isolated by other members in the World Cup dispute.
Former players have criticised Butt for the settlement with the ICC and the Board on Monday issued a rejoinder to them.
"We must understand and accept the ground realities which are that teams are not prepared to visit Pakistan at this stage. Under these conditions, it was imperative for us to protect our future income which we have successfully managed to do," Butt said in the rejoinder.
Butt said even if the legal action had gone in favour of Pakistan it would have resulted in much less amount to PCB in damages. "We had evaluated all available options in detail before taking the decision that we took."
