The Pakistan Cricket Board (PCB) has confirmed the addition of two new franchises for the next season of the Pakistan Super League (PSL), sources reported on Wednesday.
As per the sources, the newly introduced teams are expected to be called Gilgit and Faisalabad.
Recently, the PCB had narrowed down a list of six cities for the new teams, which included Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit, and Rawalpindi.
This development coincided with the PCB’s completion of the much-anticipated independent valuation process for all current PSL franchises and significant commercial assets.
PSL management problems with Multan Sultans are still unresolved in the interim. According to sources with knowledge of the situation, Sultan’s franchise ownership will probably be placed up for auction in order to find new owners.
One of the biggest structural renovations in the league’s history is about to get underway with the start of the tender process for the sale of the new franchises.
The announcement is consistent with what PSL CEO Salman Naseer said at a news conference at National Bank Stadium earlier in October, when he disclosed that the two additional teams would be up for auction.
