The Pakistan Super League attracted 12 bids from investors across five continents for two new teams, despite concerns over the high base price set by the PCB.
The Pakistan Super League is moving closer to expansion after attracting strong interest for two new franchises in the 2026 season. Pakistan Cricket Board reportedly received 12 bids despite concerns over the high entry cost. The board fixed the base price at USD 4 million, pointing to investor interest generated through roadshows in London and New York.
Sources confirmed that bids were submitted. Investors from five continents took part, including groups from the United States, Australia, Canada, the United Arab Emirates, and Pakistan.
“Around 12 bids were received, which is an exceptional and encouraging response to the tender issued for the sale of two new franchises of the Pakistan Super League (PSL). A prominent businessman from the USA, Aamir Wain, has registered a bid under a consortium and is interested in buying the Hyderabad team,” a source told www.telecomasia.net.
PCB to Announce Next Bidding Stage on December 27
The PCB will reveal the next stage of the franchise bidding process on December 27 after reviewing submitted offers. Some interested groups remain cautious as the final cost could cross USD 5 million due to currency rates. The PCB plans to hold the final auction in Islamabad on January 8, 2026.
READ ALSO | PCB Extends Deadline For New PSL Franchise Bids To December 24
Meanwhile, a recent valuation of the five existing teams showed strong growth in franchise values. Lahore Qalandars recorded the biggest rise and will pay USD 2.37 million annually for the next ten years. Karachi Kings carry an estimated value of USD 2.27 million. Multan Sultans, once the most expensive team in 2018, now stand at USD 3 million after earlier issues with the board.
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