LAHORE: The Pakistan Cricket Board (PCB)’s Bid Committee has successfully completed the Technical Evaluation of proposal submitted by bidders for the sale of two new HBL-PSL franchise teams.
A total of 12 proposals were received from interested parties within the stipulated deadline from across the globe and were scrutinised by the PCB Bid Committee over the last three days.
Following a thorough and transparent evaluation process, the PCB Bid Committee has qualified 10 bidders who have successfully met the technical criteria and now enter the second stage.
These 10 technically qualified bidders will now proceed to participate in the auction scheduled on Thursday (8th January) 2026 at the Jinnah Convention Centre in Islamabad, where the franchise rights for the two new HBL-PSL teams will be up for grabs.
At the auction, the successful bidders will have the right to choose their franchise team names from amongst the following: Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad and Sialkot.
HBL PSL CEO Salman Naseer said, “The HBL-PSL extends its congratulations to all qualified bidders and appreciates the strong interest shown by both local and international investors.
For those interested parties who could not submit proposals in time, we thank them for their keen interest and look forward to exploring other opportunities. The league looks forward to achieving another significant milestone in the expansion and evolution of the PSL, as we now prepare for the eagerly awaited auction.”
Copyright Business Recorder, 2025
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