Lahore, October 26, 2025: Ahead of the expiration of the current franchises’ contracts in December, the Pakistan Super League (PSL) administration has moved toward finalizing a new decade-long agreement based on fresh valuation reports compiled by independent chartered firms.
According to a statement issued by the Pakistan Cricket Board (PCB), the new franchise market values will be determined by the chartered firms, and only eligible franchises will be offered renewal contracts under the updated terms.
In a meeting held on Sunday, PCB Chairman Mohsin Naqvi reviewed the valuation report presented by representatives of the chartered firms, along with PSL Chief Executive Officer Salman Naseer and Chief Operating Officer Sameer Syed. After examining the report, the chairman directed the officials to initiate talks with franchise owners and finalize new contracts at the earliest.
The PCB confirmed that the new agreements will be based strictly on the valuation assessments and recommendations of the chartered firms.
The inaugural PSL franchises were sold in 2015, with Karachi Kings purchased for $2.6 million, Lahore Qalandars for $2.5 million, Peshawar Zalmi for $1.6 million, Islamabad United for $1.5 million, and Quetta Gladiators for $1.1 million. In 2017, Multan Sultans joined the league under a separate deal worth $6.35 million per year.
The PCB’s latest statement notably emphasized that contract renewals will be extended only to “eligible franchises.” The clarification comes amid ongoing tensions between the PSL management and Multan Sultans, who have reportedly been accused of violating multiple clauses of their existing 10-year contract.
The new framework marks a crucial phase in the PSL’s evolution as it prepares to enter its second decade, with the PCB aiming to strengthen financial transparency and long-term franchise stability.
