Lahore, November 15, 2025: The Pakistan Cricket Board (PCB) has formally initiated the sale process for two new Pakistan Super League (PSL) franchises, Chairman Mohsin Naqvi announced on Saturday.
Naqvi shared an official invitation on X (formerly Twitter), outlining guidelines for interested bidders. According to the PCB, bid documents are available for collection, with the deadline for submission of technical proposals set for December 15 at 11:00 AM, followed by the opening of proposals at 11:30 AM the same day. Only technically qualified bidders will advance to the next stage.
“Pakistan Cricket Board invites bids from interested parties who wish to acquire the Team Franchise Rights for two new teams of the PSL,” the invitation letter stated.
In his post, Naqvi said the league was entering an exciting phase.
“The Pakistan Super League is about to get bigger and better! Process for the sale of two new teams has been launched. Time for two new dreams to come true,” he wrote.
The development comes a day after the PCB finalised the independent valuation process for existing PSL franchises and other commercial assets. Following the assessments, the board issued renewal offer letters to all compliant teams, detailing revised franchise fees for the next 10-year cycle. Franchises have been asked to respond within the stipulated timeline.
To ensure transparency, the PCB arranged joint and individual meetings between franchise officials and the independent valuation firm, EY MENA, allowing stakeholders to understand and question the valuation methodology.
The board has also received valuation reports for the two new franchises. As part of the expansion plan, bidders will be able to choose from the following shortlisted cities,
- Hyderabad
- Sialkot
- Muzaffarabad
- Faisalabad
- Gilgit
- Rawalpindi
Reaffirming its commitment to a fair and transparent process, the PCB said it aims to further strengthen its long-standing partnership with PSL stakeholders as the league expands ahead of its next cycle.
