PSL moved to UAE with Indian cricket authority set to make 'final decision' on IPL


Steve Luckings
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Pakistan’s cricket authorities have confirmed that the remainder of the Pakistan Super League will be relocated to the UAE following a drone strike near Rawalpindi stadium, described by officials as a “deliberate attempt” by India to target players.

In India, a senior official said a decision will be made Friday as to what happens to the rest of the Indian Premier League season, after Thursday's match between Punjab Kings and Delhi Capitals in Dharamsala – less than 200 kilometres from the town of Jammu, where explosions were reported hours earlier – was abandoned due to apparent flood light failure.

The PSL's decision comes after Pakistan’s military intercepted and neutralised 28 Indian drones, including one shot down just outside the Rawalpindi Cricket Stadium on Thursday morning – hours before Karachi Kings were scheduled to face Peshawar Zalmi. The match was immediately postponed.

Foreign Minister Ishaq Dar labelled the incident “a deliberate attempt to target domestic and foreign cricket players”, as tensions between the nuclear-armed neighbours reached a dangerous new low following deadly cross-border exchanges.

Pakistani forces launched several attacks using drones and other munitions along India's western border overnight, the Indian army said on X.

The Pakistan Cricket Board confirmed the Twenty20 league’s relocation in a statement on Friday, citing player safety as the top priority.

“Pakistan Cricket Board confirms that the remaining matches of the Pakistan Super League have been shifted to the UAE,” the statement read. “The updated schedule will be shared in due course.”

PCB chairman Mohsin Naqvi, who also serves as Pakistan’s interior minister, said the decision had been made after consultation with PSL franchise owners and foreign players.

“We have shifted the remaining matches to the UAE so that the domestic as well as foreign cricketers, who are our precious guests, can be saved from the possible reckless targeting by India,” Naqvi said.

“The PCB has always stood by the position that politics and sports need to be kept apart. However, in view of the extremely irresponsible and dangerous Indian act of targeting the stadium, the PCB has taken this decision.”

Thirty-seven overseas players, including stars from Australia, New Zealand, South Africa, the West Indies, Bangladesh, Sri Lanka and Afghanistan, are currently involved in the tournament. Among them is former Australia vice-captain David Warner, who had recently returned to Pakistan after playing there in bilateral tours.

Sources told AFP that a number of foreign players had expressed serious concerns about staying in Pakistan amid escalating military tensions, prompting the PCB to act swiftly.

PSL organisers remain keen for the tournament, which has eight fixtures outstanding, to be completed, but the safety of players remains their priority.

International cricket only returned to Pakistan in 2020, more than a decade after the 2009 terror attack on the Sri Lankan team bus in Lahore forced teams to play Pakistan fixtures in neutral venues, primarily the UAE.

The return of top-tier cricket to Pakistan was widely viewed as a major step towards normalisation, with international sides slowly regaining confidence in the country’s security arrangements. Thursday’s drone incident, however, risks undoing years of hard-earned progress.

India and Pakistan have traded accusations and fire over the past 48 hours after New Delhi carried out air strikes into Pakistani territory on Wednesday, claiming retaliation for an attack in Indian-administered Kashmir – a charge Islamabad denies.

Pakistan says 31 people have been killed and 57 injured by air strikes in the country and Pakistan-administered Kashmir since Wednesday morning.

The fallout has raised fears of a wider conflict, with global powers urging restraint.

Sheikh Abdullah bin Zayed, UAE Deputy Prime Minister and Minister of Foreign Affairs, called on India and Pakistan to exercise restraint, de-escalate tensions and avoid further escalation that could threaten regional and international peace.

“Diplomacy and dialogue remain the most effective means of peacefully resolving crises, and achieving the shared aspirations of nations for peace, stability, and prosperity,” he said in quotes carried by the Wam news agency on Tuesday.

For the PSL, meanwhile, a tournament that has fought for credibility and international relevance now finds itself once again seeking shelter in the Gulf – not for commercial reasons, but survival.

IPL decision

In India, a power failure led to the abandonment of the IPL game between Punjab Kings and Delhi Capitals on Thursday with both teams awarded one point.

One of the light towers at the stadium malfunctioned due to the outage, and the game was called off.

It was the last game of the season in Dharamsala after organisers shifted Punjab's scheduled game on Sunday against Mumbai Indians from Dharamsala to Ahmedabad because of India-Pakistan tensions.

The IPL cited logistical challenges on Thursday.

Airports in Dharamsala and Chandigarh – where Punjab Kings are based – have been closed for civilian and commercial purposes since Wednesday. Airports across India’s northwestern corridor have been similarly closed off.

"We are monitoring the situation, seeking the government's advice, and will take the final decision on the IPL tomorrow," Rajeev Shukla, vice-president of cricket board the BCCI, told The Indian Express on Thursday.

"The situation is changing day by day. We will do whatever we are told and inform all stakeholders.

"At the moment, our priority is the safety of all players, fans and stakeholders."

The newspaper – without disclosing its sources – said the BCCI is "keeping its options open", with suspending the world's richest cricket league or revising its itinerary among possible options.

The 10-team competition, which features numerous cricket stars from around the world, started on March 22.

The final is scheduled for May 25 at Kolkata's Eden Gardens and typically attracts a vast global television audience.

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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UAE fixtures:
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Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

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Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
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Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

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Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
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Vidaamuyarchi

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Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

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Directors: Madeline Sharafian, Domee Shi, Adrian Molina

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Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
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Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

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Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane

Fixtures (all times UAE)

Saturday
Brescia v Atalanta (6pm)
Genoa v Torino (9pm)
Fiorentina v Lecce (11.45pm)

Sunday
Juventus v Sassuolo (3.30pm)
Inter Milan v SPAL (6pm)
Lazio v Udinese (6pm)
Parma v AC Milan (6pm)
Napoli v Bologna (9pm)
Verona v AS Roma (11.45pm)

Monday
Cagliari v Sampdoria (11.45pm)

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Updated: May 09, 2025, 9:09 AM`