The Pakistan Cricket Board (PCB) will announce decisions on two new Pakistan Super League (PSL) franchises in January. The deadline for submitting technical proposals is December 15. Sources say the reserve price for each franchise is expected to exceed 1.25 billion rupees.
Several domestic and international companies have shown interest in acquiring a team. Five Pakistani firms, including real estate and solar energy companies, are participating. Investors from the United States, the United Kingdom, and another European country have also expressed interest.
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Multan Sultans owner Ali Tareen has reportedly stepped back from the league. Political figures are said to be trying to mediate the situation. If Tareen reverses his decision, the matter may still be resolved.
The financial burden on existing owners may be a key factor in the changes. The annual fee for Multan Sultans previously rose from 1.08 billion rupees to 1.3 billion rupees after a 25% increase. The fate of the team’s name and eligibility of current owners for re-bidding remain uncertain.
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The PCB has yet to issue an official statement. Analysts say the upcoming franchise decisions could reshape the league’s structure. The new ownership is expected to bring fresh investment and energy to the PSL.