The Pakistan Super League (PSL) has officially released the rules for the auction of its two new franchises. Officials outlined the bidding process, timeouts, and team selection rights to ensure a fair and organized auction.
All bids must be made in Pakistani rupees, with a minimum increment of Rs. 10 million above the base price set by the Pakistan Cricket Board (PCB). Bids below this amount will not be accepted. However, participants can raise their bids beyond the minimum increment without restriction.
Each bidder is allowed one strategic timeout of up to five minutes per round. During the timeout, bidders can consult with their representatives but cannot communicate with other participants.
A bidding round ends when no bidder surpasses the current highest bid after the auctioneer’s final call. The highest valid bid above the base price will be declared the provisional winner for that round.
The auction framework gives the Round One winner the first right to select a city name from the available options for Team Franchise Number Seven. This bidder, however, cannot participate in Round Two.
The successful bidder in Round Two will receive the second right to choose a city for Team Franchise Number Eight from the remaining five cities. These rules aim to maintain transparency, fairness, and competitiveness during the PSL team auction.
Officials emphasized that the structured framework allows all participants equal opportunity while ensuring the process moves smoothly. The PSL team auction is expected to attract significant interest from both domestic and international investors eager to join Pakistan’s premier cricket league.
In other related news also read Reserve Price Announced For New PSL Teams
Expanding the league to eight teams is a major step for the PSL, enhancing competition and creating new opportunities for players, fans, and franchise owners. The upcoming auction will be closely watched as the new teams take shape, further strengthening Pakistan’s professional cricket structure.
