The Pakistan Cricket Board (PCB) on Wednesday announced that it has received an “exceptional and encouraging” response to its tender for the sale of two new franchises of the Pakistan Super League (PSL), with 12 parties submitting bids within the stipulated deadline. This comes after the bidding deadline was extended multiple times – initially from December 15 to December 22, and further to December 24 – amid growing interest from investors in Europe, the United States, the Middle East and beyond, following promotional roadshows in London and New York. The development marks a significant step in the league’s expansion to eight teams from the 2026 season – its first major restructuring since the addition of Multan Sultans in 2018 brought the total to six franchises. According to the PCB, the bidders hail from five countries – the United States, Australia, Canada, the United Arab Emirates and Pakistan – underscoring the league’s growing global footprint and commercial appeal. Pakistan-based solar power company Inverex Power Solution, a long-time sponsor of the PSL, also confirmed on Wednesday that it will be bidding for one of the two new franchises. Reports suggest other interested parties include telecom companies, real estate groups, and consortia involving US-based Pakistani businessmen. The PCB said the outcome of the initial phase of the bidding process will be announced on December 27.
PCB receives 12 bids for two new Pakistan Super League franchises
Published on: December 25, 2025 1:33 AM