The Pakistan Super League (PSL) has received twelve bids for the rights to two new teams in the 2026 edition, with offers coming from five continents. This is despite reports suggesting that many bidders are wary of the high base price set by the board.
The PCB has set a base price of USD 4 million for the new PSL teams, citing high interest following successful roadshows in London and New York that attracted numerous investors.
Contrary to reports claiming no bids were received due to the high base price, sources informed Telecom Asia Sport (www.telecomasia.net) that several bids were indeed submitted.
“Around 12 bids were received, which is an exceptional and encouraging response to the tender issued for the sale of two new franchises of the Pakistan
Super League (PSL),” a source told www.telecomasia.net.
Bidders come from five continents, including the United States, Australia, Canada, the United Arab Emirates (UAE), and Pakistan, highlighting the PSL’s growing global popularity and commercial appeal. The report mentioned that “a prominent businessman from the USA, Aamir Wain, has registered a bid under a consortium and is interested in buying the Hyderabad team.”
The next phase of the bidding process will be announced on December 27 after bid scrutiny, as some bidders are reluctant due to the price potentially exceeding 5 million dollars with the current currency rate.
The PCB will conduct an auction in Islamabad on January 8, 2026, to finalise the sale.
According to the report, the PCB conducted a valuation of the existing five teams, showing Lahore Qalandars had the highest rise in value. Lahore will pay 2.37 million dollars for the next ten years, while Karachi Kings’ estimated value stands at 2.27 million dollars. Multan Sultans, once the most expensive franchise in 2018, now has an estimated value of 3 million dollars following a fallout with the PCB.
These values are based on valuations and a new dollar to Pakistan rupee conversion rate, now 280 compared to 160 when the teams were sold in 2015.
A bidder from the United Arab Emirates (UAE) told www.telecomasia.net that the success and value of the PSL 2026 depend on attracting top-class players to the league.
(With inputs from Agencies)
