The Pakistan Super League (PSL), the country’s top T20 cricket tournament, is expanding. The Pakistan Cricket Board (PCB) will hold an auction to sell two new franchises on January 8 at the Islamabad Convention Center, marking a major development for the league’s 11th season.
Auction Details and Base Price
The PCB has set the base price for each new franchise at $400,000. Experts suggest that competitive bidding could push the price higher. Interested bidders must pay a $20,000 security deposit to participate. Those who fail to secure a franchise will pay a $20,000 participation fee, while the remaining $180,000 will be refunded.
Also Read: PSL Set to Welcome Two New Franchises in January Auction
The PCB bidding committee will review all technical and financial documents. Only bidders who meet the criteria will join the auction, ensuring transparency and fair competition.
Franchise Ownership Rules
Winning bidders will acquire 10-year franchise rights. They cannot sell the team during the first three years. After 2029, owners can choose to transfer or sell their franchise.
According to the tender, all eight PSL teams will earn $300,000 annually from a central pool from 2026 to 2030. The documents do not provide details for revenue beyond 2030.
Multan Sultans Uncertainty
The ongoing dispute between Ali Tareen and the PCB has created uncertainty for the Multan Sultans. The owner recently announced he will leave the franchise when his contract ends on December 31. Sources say the PCB may manage the team directly next year, though they have not made a final decision. This arrangement could remain temporary until a new owner takes over.
PSL 11 Schedule and Context
The PCB announced that PSL 11 will run from March 26 to May 3, 2026, across multiple Pakistani cities. These dates overlap with the Indian Premier League (IPL), which also starts on March 26, 2026, raising competition for international players.
Over the last decade, the PSL has grown steadily, attracting global talent and millions of viewers. Last season, stadiums sold out for several matches, and online audiences reached record numbers, strengthening the PSL’s international reputation.
Looking Ahead
Adding two franchises reflects the PSL’s goal to expand its reach and provide more opportunities for local talent. Analysts say the new teams could increase competition and improve cricket infrastructure in Pakistan.
With the auction approaching, fans worldwide are watching closely. PSL 11 promises thrilling matches and significant developments in franchise ownership and league governance.
