The Pakistan Cricket Board (PCB) is planning to increase the Pakistan Tremendous League by including two new franchises forward of the 2026 version. Every of the brand new groups will include a reserve value of 1.3 billion Pakistani rupees per 12 months (approx INR 41 crore), in accordance with the Pakistan board’s valuation for the following part of the match.
The PCB has shortlisted six cities – Rawalpindi, Faisalabad, Sialkot, Hyderabad, Muzaffarabad, and Gilgit – for the 2 new Pakistan Tremendous League franchises. Two of those places will likely be finalized by January. The ultimate public sale for the 2 new groups within the T20 match is scheduled to happen on January 8.
Sturdy Curiosity in New PSL Franchises as PCB Opinions Bids
In accordance with experiences, the Pakistan Cricket Board has obtained sturdy curiosity in its plan so as to add two new groups to the Pakistan Tremendous League. A complete of 12 teams have submitted preliminary bid paperwork, together with 5 from abroad, highlighting rising overseas curiosity within the league.
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The PCB has not but introduced the ultimate checklist of bidders. Earlier than doing so, it should perform monetary and technical checks to make sure all events meet the required requirements.
Earlier this month, the PCB held PSL roadshows in London and New York to draw worldwide traders. The board has additionally supplied sturdy monetary ensures to make the brand new franchises extra interesting because it appears to be like to increase the league.
PCB Ensures Rs 850 Million Annual Income for Every PSL Franchise
The Pakistan Cricket Board has introduced a monetary plan to assist groups. Every franchise will likely be assured at the very least Rs 850 million each season from the league’s central income pool for the following 5 years. If a group earns lower than this quantity in any season, the PCB pays the distinction.
At current, the PSL has six groups, and every pays a distinct annual franchise price. Quetta Gladiators are valued at Rs 360 million, whereas Multan Sultans have the best worth at Rs 1.8 billion. Different groups, similar to Lahore Qalandars, Karachi Kings, Islamabad United, and Peshawar Zalmi, fall in between these figures.
As soon as the league expands to eight groups, all franchises will obtain an equal share from the central income pool. The PCB has additionally allowed every franchise to spend as much as USD 1.4 million on gamers via the PSL draft. It will assist groups construct stronger squads and enhance competitors within the league.
Former Multan Sultans Homeowners Re-Enter PSL Franchise Bidding Course of
The possession state of affairs round Multan Sultans has taken a brand new flip. In accordance with experiences, the franchise’s former homeowners have entered the bidding course of to purchase one of many two new PSL groups. They gave up management of Multan Sultans following disagreements with the Pakistan Cricket Board.
Regardless of their return to the bidding course of, there may be nonetheless no clear reply on who will personal Multan Sultans subsequent season. The uncertainty has raised questions forward of the upcoming PSL version.
There’s sturdy hypothesis that the PCB could run the Multan Sultans themselves for the following season. The eleventh version of the Pakistan Tremendous League is scheduled to start on March 26 subsequent 12 months, and a closing choice on possession is anticipated earlier than then.
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