The Pakistan Cricket Board (PCB) on Tuesday said that investors expressed interest in acquiring ownership rights of two Pakistan Super League (PSL) franchises during a roadshow at Lord’s Cricket Ground in London.
The roadshow helped the marquee league attract “unprecedented attention” at the iconic venue, widely regarded as the home of cricket, said PCB in a statement, adding a large number of investors attended and expressed interest in the two PSL franchises up for sale.
“PSL 11 has taken flight to new heights, capturing unprecedented attention in the home of cricket,” the PCB said in a statement.
“For the first time in history, a highly successful PSL roadshow was organised at the historic Lord’s Cricket Ground.
“A large number of investors attended the London roadshow and expressed keen interest in purchasing two new teams.”
PCB Chairman Mohsin Naqvi described the investors’ “strong” interest as a milestone that wasn’t only a positive development for the league but also an honour for the country.
“The strong interest in acquiring two PSL 11 teams is extremely positive and encouraging,” said Naqvi.
The PSL, which began in 2016 with five franchises, is set for further expansion with the addition of two new teams in the upcoming 11th edition, set to be played next year.
With the upcoming additions, the PSL will undergo its first major restructuring in seven years, bringing the total number of franchises to eight.
Also, the Pakistan Cricket Board (PCB) has decided to host the upcoming Pakistan Super League (PSL) matches in Azad Jammu and Kashmir’s (AJK) Muzaffarabad cricket stadium.
The announcement was made by PCB Chairman Mohsin Naqvi during the PSL roadshow held at London’s Lord’s Cricket Ground.
Naqvi said that PCB has initiated steps to hold PSL fixtures at the Muzaffarabad stadium. He said the board is committed to preparing the venue to the highest standards.
“We are going to develop the Muzaffarabad cricket stadium in the best possible way,” he stated.
Naqvi added that Muzaffarabad already offers necessary facilities for international players, including high-quality five-star hotels.
He further noted that the initiative is not limited to PSL matches alone. “Along with PSL fixtures, other international matches will also be hosted in Azad Jammu and Kashmir,” he said.
However, the PCB chairman did not specify how many PSL matches will be staged in Muzaffarabad. With the upcoming additions, the PSL will undergo its first major restructuring in seven years, bringing the total number of franchises to eight.