The Pakistan Super League (PSL) franchise auction concluded in Islamabad for the inclusion of two new teams in the 11th edition of the tournament.
In another development, after the FKS Group purchased the seventh PSL team for Rs. 175 crore, the OZ Developers acquired the eighth franchise for Rs. 185 crore.
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The group has decided to base their new team in Sialkot, marking the city’s entry into Pakistan’s premier T20 league.
The auction, held at the Jinnah Convention Centre, saw nine parties participating after Ali Tareen withdrew from the bidding process.
Previously, the Multan Sultans became the first team added to the PSL during its third season, increasing the league from five to six teams.
READ: FKS Group buys Hyderabad as seventh PSL team for Rs. 175 crore
For this year’s historic 11th edition, two more teams have been introduced, bringing the total number of franchises to eight.
The 11th PSL is scheduled to take place from March 26 to May 3, promising another exciting season for cricket fans in Pakistan and around the world.
With all other teams confirmed, nine qualified bidders competed with higher bids to secure the eighth and final franchise, completing the league’s expansion.
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For context, successful bidders were allowed to choose a home city from a PCB-approved list, which included Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.
