The Pakistan Super League is set to grow bigger in its 11th edition, with plans to add two new teams to the tournament. This expansion marks an important step for the league as it continues to increase its popularity and commercial value. The base price for each new franchise has been fixed at around PKR 100 crore, reflecting the strong interest in PSL among investors and cricket stakeholders.
Reports suggest that ten potential bidders have been shortlisted and will take part in the auction process. These bidders will compete to secure ownership of the two new teams, making the process highly competitive. The official auction ceremony is scheduled to take place on January 8 in Islamabad, where the final decisions regarding the new franchises will be announced.
The auction event is expected to attract significant attention, as it will be more than just a business gathering. To make the occasion memorable, a special performance by renowned singer Rahat Fateh Ali Khan has also been planned. This addition is likely to add entertainment value and excitement to the ceremony. The expansion of the league is being seen as a positive move for Pakistan cricket, as it is expected to create more opportunities for players, increase fan engagement, and further strengthen the PSL’s position on the global cricket stage.
Disclaimer: This information is shared for general awareness only. The publisher is not responsible for any updates, changes, or decisions that may occur after this information is released.
American Dollar Exchange Rate