The Pakistan Super League (PSL) has entered a new phase of growth after Ozi Developers purchased the league’s eighth franchise for Rs18.5 billion. The successful bid took place during an official auction held in Islamabad, marking the completion of the PSL’s long-planned expansion.
The Pakistan Cricket Board (PCB) organised the auction at the Jinnah Convention Centre, where business groups competed for ownership rights. The strong bidding reflected rising confidence in the league’s commercial strength and long-term future. As a result, the PSL will now feature eight teams instead of six.
High-Profile Auction Draws Strong Interest
Several major business groups took part in the auction process. According to sources, nine parties remained in contention after businessman Ali Tareen withdrew before the final stage. The competitive atmosphere highlighted the league’s growing value in Pakistan’s sports market.
Ozi Developers submitted the highest bid for the eighth team. Their successful offer confirmed the company’s entry into professional cricket ownership. Analysts say the price shows how far the PSL has come since its launch in 2016.
Franchise values have increased steadily over the years. Rising broadcast rights, digital reach, and sponsorship deals have all played a role. The PSL now attracts millions of viewers across Pakistan and overseas markets.
Seventh Team Awarded to FKS Group
Earlier in the auction, the FKS Group secured ownership of the seventh PSL franchise for Rs17.5 billion. The group immediately named Hyderabad as the team’s home city, bringing top-level cricket back to the region.
Team owner Fawad Sarwar said the decision carried personal importance. He explained that he belongs to Hyderabad and always wanted the city to gain PSL representation. Local fans welcomed the announcement with excitement and pride.
Cricket officials believe this move will support grassroots development. Hosting PSL matches can improve facilities and encourage young players. It can also bring economic benefits through tourism and local business activity.
Several Cities Competing to Host the Eighth Team
The owners of the eighth franchise will now choose a home city. The PCB has shortlisted Rawalpindi, Faisalabad, Gilgit, Muzaffarabad, and Sialkot as possible options. Each city offers unique regional appeal and fan support.
This decision has sparked anticipation among supporters. Many fans hope their city will join the PSL map for the first time. New venues could help the league reach audiences beyond traditional cricket centres.
Officials believe wider geographic representation will strengthen national unity through sport. It will also increase stadium use across the country.
Expansion Promises More Matches and Talent Development
With two new teams confirmed, the PSL will now feature eight franchises. This change will increase the total number of matches per season. Fans can expect a longer tournament and more competitive fixtures.
The expansion will also create new opportunities for local players. More teams mean more squad positions and playing time. Young cricketers will gain exposure alongside experienced international stars.
Coaches and selectors see this as a positive step for Pakistan cricket. Regular high-pressure matches help players develop skills and confidence. This depth can benefit the national team in the long run.
PSL Strengthens Its Commercial and Sporting Profile
Geo Super, Pakistan’s first dedicated sports channel, broadcast the auction live. The coverage allowed fans across the country to follow the event closely. Social media platforms also buzzed with reactions from supporters.
After the auction, PCB officials expressed optimism about the league’s future. They believe the expansion will raise both playing standards and commercial returns. The PSL already ranks among the world’s leading T20 leagues.
With new owners, new cities, and increased investment, the PSL appears set for continued growth. The league now stands as a symbol of Pakistan’s cricketing resilience and global appeal.
