Lahore, December 24, 2025: The Pakistan Cricket Board (PCB) has received 12 bids for the two new Pakistan Super League (PSL) franchises within the stipulated deadline, reflecting strong investor interest in the country’s premier T20 tournament.
In a statement issued on Wednesday, the PCB termed the response to the tender process as “exceptional and encouraging,” confirming that 12 parties formally submitted bids for the purchase of the two new teams. The board said investors from the United States, Australia, Canada, the United Arab Emirates and Pakistan have expressed interest, highlighting the PSL’s growing global popularity and commercial appeal.
According to the PCB, the results of the initial phase of the bidding process will be announced on December 27, which will determine the parties that are technically qualified to proceed to the next stage. These shortlisted bidders will then participate in an open auction scheduled to be held on January 8 at the Islamabad Convention Centre.
“The results of this phase of the bidding process will be announced on 27 December. In the next stage, technically qualified bidders will be given the opportunity to purchase the two new teams through an open competition bidding process,” the PCB statement said, adding that the board is committed to completing the process in a transparent and competitive manner in line with international standards.
The PSL, which began in 2016 with five franchises and expanded to six teams in 2018, is set to grow further with the addition of two new franchises from its upcoming 11th edition, scheduled to be played next year. With this expansion, the league will undergo its first major restructuring in seven years, increasing the total number of teams to eight.
