LAHORE – The race for two new franchises in the Pakistan Super League (PSL) is heating up, with a number of domestic and international companies expressing interest in acquiring teams.
Among the potential bidders are a real estate firm and a solar energy company, both of which are said to be actively considering participation in the tender process.
The Pakistan Cricket Board (PCB) is expected to make a decision on the new franchises in January, with the final bid submissions to be considered. The initial tender for the franchises has already been issued, with a reserve price set at over 1.25 billion Pakistani rupees.
In addition to local bidders, several international investors are also eyeing the opportunity. Two prominent business personalities from the United States are reportedly interested in purchasing a franchise, while bids are also expected from the United Kingdom and another European country.
The deadline for submitting technical proposals for the franchises is set for December 15. The PCB has not yet released any official statement regarding the future of the Multan Sultans, whose owner, Ali Tariq, recently announced his departure from the league.
While the situation surrounding Multan Sultans remains uncertain, several political figures are reportedly working behind the scenes to resolve the matter, though no official stance has been taken by the PCB as of now.
The addition of two new franchises is expected to further expand the PSL’s growing popularity, adding more teams to the already competitive league. Fans and stakeholders alike are eagerly awaiting developments in the coming weeks.
