LAHORE (Kashmir English): The Pakistan Cricket Board (PCB) has shortlisted 10 bidders for the second round of the auction to sell rights for two new teams of the Pakistan Super League (PSL).
In a statement issued on Saturday, the cricket board said that its bid committee has completed the technical evaluation of the proposals submitted by bidders.
“The PCB Bid Committee has qualified 10 Bidders who have successfully met the technical criteria and now enter the second stage,” read the PCB communique.
The PCB had received a total of 12 proposals from interested parties from across the world. PCB bid committee had scrutinised them over the last three days.
In its earlier statement, the governing body said that investors from the United States of America (USA), Australia, Canada, the United Arab Emirates (UAE), and Pakistan had expressed their interest in acquiring the franchises up for sale.
The 10 technically qualified bidders will now proceed to participate in the auction to be held on January 8, 2026, at the Jinnah Convention Centre in Islamabad.
New PSL franchises names
The board announced that successful bidders will have the right to select their franchises names from the cities as Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad, and Sialkot.
PSL CEO Salman Naseer congratulated the qualified bidders while appreciating the strong interest shown by both local and international investors. “The league looks forward to achieving another significant milestone in the expansion,” he said, adding that the PSL management was preparing for the eagerly-awaited auction.
The PSL, which had its debut in 2016 with five franchises and later expanded to six sides in 2018, is set for further expansion with the addition of two new teams for its upcoming 11th edition, set to be played next year.
The upcoming PSL additions will bring the total number of franchises to eight.
