The Pakistan Cricket Board (PCB) is close to finalizing the addition of two new PSL teams, with the reserve price expected around Rs. 1.25 billion. Sources say the amount may even climb higher as both local and international companies have shown strong interest.
At least five major Pakistani groups, including real estate and solar energy firms, are preparing to bid. Two entrepreneurs from the U.S., along with investors from the U.K. and Europe, are also eyeing the new franchises.
The PCB will accept technical proposals until December 15, and only qualified bidders will move to the financial stage.
Meanwhile, uncertainty continues around Ali Tareen’s exit from Multan Sultans. Although he has publicly stepped away, insiders say political figures are trying to convince him to stay. If he leaves, the “Multan Sultans” name may also be up for grabs, and current owners might not be allowed to bid again.
Previously, the Multan franchise paid Rs. 1.08 billion annually, an amount expected to rise to Rs. 1.3 billion after the 25% increase—one of the reasons behind ownership concerns.
Sources also revealed that a well-known “T — Group of Companies” is among the main contenders for a new PSL team.
