LAHORE – The Pakistan Cricket Board (PCB) has set a base price of $4 million for bidding on two new franchises to be added in the 11th season of the Pakistan Super League (PSL).
The sources said that the auction for the new teams will be held on January 8 at the Islamabad Convention Centre.
The base price has been fixed at $4 million, with the possibility of an increase during the bidding process.
Prospective bidders will be required to submit a $200,000 bidding fee as a security deposit.
Unsuccessful bidders will be charged $20,000 as a fee, while the remaining $180,000 will be refunded.
Sources said the PCB’s bidding committee will review all technical matters, and only qualified bidders will be invited to participate in the auction.
It was further disclosed that any franchise owner purchasing rights for a 10-year period will not be allowed to sell the franchise during the first three years.
However, after three years, in 2029, the owner may relinquish ownership rights if desired.
According to the PCB’s tender documents, all eight teams will receive $3 million annually from the central pool for five years, from 2026 to 2030.
However, the documents do not specify details regarding revenue distribution for the remaining five years.
Sources also revealed that due to an ongoing dispute between Ali Tareen and the PCB, the owner of Multan Sultans has announced plans to exit the franchise.
His contract is set to expire on December 31.
The PCB is reportedly considering a proposal to manage Multan Sultans itself next year, though a final decision by the PCB management is still pending.
Meanwhile, the PCB has announced the window for PSL’s 11th edition, which will be played from March 26 to May 3 next year across multiple cities.
It may be mentioned here that Indian Premier League (IPL) is also scheduled to begin during the same period.
