The Pakistan Cricket Board (PCB) is preparing to introduce two new PSL Teams, with an expected reserve price of around Rs. 1.25 billion. Official decisions are expected in January after the release of the initial tender.
Sources indicate that the reserve price could exceed Rs. 1.25 billion due to high interest from domestic and international investors. Five major Pakistani companies, including businesses from real estate and solar energy sectors, have shown interest. Additionally, investors from the U.S., U.K., and another European country are also expected to participate.
The deadline for submitting technical proposals is December 15. Only bidders who meet the required qualifications will move on to the next stage. The PCB aims to ensure transparency and competitiveness in awarding the new PSL Teams.
In a related development, Ali Tareen, owner of the Multan Sultans, has reportedly announced his exit from the league. The PCB has not yet issued an official statement. Political figures are reportedly mediating, and if Tareen reverses his decision, he may retain ownership.
Previously, the Multan Sultans paid an annual fee of Rs. 1.08 billion. With a possible 25% increase, the fee could rise to Rs. 1.3 billion. This higher financial obligation is considered a key factor in Tareen’s hesitation. If he steps down, the rights to the “Multan Sultans” brand may not be guaranteed.
Among the bidders, one prominent company starts with “T,” followed by “Group of Companies.” The introduction of new PSL Teams is expected to strengthen the league, increase competition, and attract more investment.
In other related news also read PSL Reveals Schedule for Auctioning Two New Teams
The addition of these new franchises is a significant step toward expanding the Pakistan Super League and enhancing its overall profile internationally.
