The PCB also operates its own cricket competition, known as the Pakistan Super League. On May 1, 1949, the Pakistan Cricket Board was established as the Board of Control for Cricket in Pakistan (BCCP). The BCCP controls and manages all forms of cricket in Pakistan, including Test cricket and One Day Internationals (ODIs). In 2016, the PCB signed a contract with which company will be the title sponsor of the PSL from 2017. The final season under the current deal was 2016. By signing this contract, the company will have rights to show the tournament on television in Pakistan. In addition, they will be able to sell merchandise during matches played in Pakistan. PCB has been criticized for failing to control domestic cricket in Pakistan. They set up four domestic leagues between 2000 and 2003 but canceled them after no team had achieved promotion. The last official list published by the PCB listed 76 teams competing in five divisions across the country. However, most reports estimate that there are less than 50 professional clubs in Pakistan. This means that almost every town has a team but only a few can call themselves professionals. In August 2016, the PCB announced the revival of the Pakistanscricketleague (PSL) for a three-year period starting from 2017.