PCB Chairman Mohsin Naqvi stated on social media platform X that the extension has been granted due to the growing global popularity of the PSL.
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Web Desk
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ISLAMABAD: The Pakistan Cricket Board (PCB) has announced a one-week extension for the auction of two new franchises for the 11th season of the Pakistan Super League (PSL). The auction, originally scheduled earlier, will now be held on December 22, 2025.
PCB Chairman Mohsin Naqvi stated on social media platform X that the extension has been granted due to the growing global popularity of the PSL, giving investors more time to participate in the bidding process.
The PCB has also reportedly tripled the valuation of the six existing PSL franchises. For the two new teams, the reserve price has been set at PKR 1.3 billion per year.
While official confirmation on the final prices is yet to be made, media reports suggest the valuations are likely to be higher than previous seasons.
Notably, unlike 2016 when franchise prices were quoted in US dollars, all financial transactions for PSL 11 will now be conducted in Pakistani rupees.
To attract investors for the new teams and the Multan Sultans, the PCB recently organized a roadshow in London.
Six cities in Pakistan—Rawalpindi, Faisalabad, Sialkot, Hyderabad, Muzaffarabad, and Gilgit—have been shortlisted, with two cities to be selected for the new franchises, expanding the PSL from six to eight teams.
