Islamabad: Two new teams have officially joined the Pakistan Super League, taking the total number of franchises to eight. FKS Group purchased the seventh team for Rs1.75 billion and selected Hyderabad as its home city, while OZ Developers acquired the eighth team for Rs1.85 billion and chose Sialkot. The auction for the new PSL franchises […]
FKS Group
Hyderabad joins PSL as seventh franchise
The FKS Group has acquired the seventh Pakistan Super League franchise by bidding Rs1.75 billion in a historic expansion auction. The auction took place at Islamabad’s Jinnah Convention Centre on Thursday, with Fawad Sarwar’s company emerging as the winner. This marks the second major expansion in PSL history. 🚨 SOLD – the magic moment! 🔨 […]
Seventh PSL team sold for Rs1.75bn as FKS wins bid
Indonesia-based FKS Group has bought the seventh Pakistan Super League team for Rs1.75 billion. The auction was held at the Jinnah Convention Centre in Islamabad on Thursday. As a result, the newly added PSL franchise has been officially named Hyderabad. The bidding process started at Rs1.10 billion and quickly became competitive. FKS Group and I2C […]