LAHORE: As many as 12 parties have formally submitted their bids for the two new teams of Pakistan Super League.
These bidders belong to five countries, including the United States, Australia, Canada, the United Arab Emirates (UAE) and Pakistan, which clearly reflects the PSL’s growing global popularity and commercial appeal. It may be added that the PCB held road shows in UK and USA for the HBL-PSL-11.
According to the PCB, the results of this phase of the bidding process will be announced on 27th December. In the next stage, technically qualified bidders will be given the opportunity to purchase the two new teams through an open competition bidding process.
This stage will be held on 8th January at the Islamabad Convention Centre.
The Pakistan Cricket Board (PCB) is committed to completing this process in a transparent and competitive manner in line with international standards, to ensure the continued expansion and growth of the Pakistan Super League, a PCB spokesman said, adding: “There is an exceptional and encouraging response to the tender issued for the sale of two new franchises of the Pakistan Super League (PSL).”
Copyright Business Recorder, 2025
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