Pakistan Cricket Board (PCB) chairman Mohsin Naqvi on Saturday announced the addition of two new teams to the upcoming edition of the Pakistan Super League (PSL), as the board launched the process to sell franchise rights.
Announcing the expansion on his X-handle, Naqvi wrote: “Time for two new dreams,” referring to the planned expansion of the league.
“PSL is about to get bigger and better. The process for the sale of two new teams has been launched,” he added.
He also shared an invitation banner, designed by the cricket board, with guidelines for bidders interested in acquiring the two new franchises, with a deadline for submission of technical proposals of December 15.
“PCB invites bids from interested parties seeking to acquire the team franchise rights for two new teams of the PSL,” the invitation letter said.
“Bid documents containing all relevant details are available from the undersigned. Deadline for submission of technical proposals is December 15, 2025 at 11:00 am.
“The proposals will be opened the same day at 11:30 am. Only technically qualified bidders will be allowed to participate further in the process.”
For those unfamiliar, the development came the next day: PCB completed the independent valuation process for the PSL franchises and other commercial assets.
Following the completion of the exercise, the PCB has issued renewal offers to all PSL franchises detailing the revised franchise fees for the upcoming ten-year cycle.
Franchises were asked to respond within the deadline.
To ensure transparency and provide complete clarity on the valuation process, the board organized both joint and individual meetings between franchise officers and the independent valuer, EY MENA.
During these sessions, franchises can review the valuation methodology and ask questions directly to the evaluators.
Meanwhile, the PCB also received rating reports for two new PSL teams. Interested bidders can choose from the following shortlisted city names:
- Hyderabad
- Sialkot
- Muzaffarabad
- Faisalabad
- Gilgit
- Rawalpindi
The PCB reaffirmed its commitment to a fair and transparent process and said it aims to further strengthen its long-standing partnership with PSL stakeholders.
