The 2020 PSL champions, Karachi Kings, will remain under their current ownership for the next ten years following the successful renewal of their franchise agreement, the Pakistan Cricket Board (PCB) announced on Tuesday.
According to PCB press release, the 2020 HBL PSL champions have reaffirmed their long-term commitment by extending the agreement at an updated market valuation determined by Ernst & Young, a globally respected audit and advisory firm.
The renewal reflects the strong trust partners continue to place in the HBL PSL’s commercial growth and the league’s growing brand presence, especially as it prepares to welcome eight teams from season 11 onward.
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PCB Chairman Mohsin Naqvi praised the move, saying, “It is a pleasure to announce that Karachi Kings will continue with their existing owners for another 10 years. Mr. Salman Iqbal and his team have played a pivotal role in elevating the stature of the HBL PSL and in building a franchise that commands a passionate following across the country and beyond. Their decision to renew reflects the enduring strength and potential of the league.
“Karachi Kings have consistently contributed to the league’s growth and to the promotion of cricket in Pakistan. We look forward to strengthening this partnership and further advancing our shared vision for the development of the game.”
HBL PSL CEO Salman Naseer also expressed his enthusiasm, stating, “Karachi Kings have been an integral part of the HBL PSL’s journey, bringing energy, ambition and excellence to the league season after season. We are delighted to continue working with Salman Iqbal and his management team over the next decade and hope that he continues to contribute beyond the call of duty.”
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“Their belief in the HBL PSL and their efforts in promoting cricket and nurturing talent are deeply appreciated. We are excited about this renewed partnership and the bright future it promises for both Karachi Kings and the league.”
Karachi Kings, who lifted the PSL trophy in 2020, remain one of the most recognisable and commercially influential franchises in the league, enjoying a strong fan base across Pakistan and beyond.
