ISLAMABAD: OZ Developers secured the bid for the eighth team of Pakistan Super League(PSL) on the name of Sialkot with a record worth of Rs 18.5 million.
The eighth team of the Pakistan Super League (PSL) was purchased by OZ Developers for Rs 185 crore and the name Sialkot was chosen. Earlier, the seventh team of the Pakistan Super League (PSL) was purchased by FKS for Rs 175 crore and the city was chosen Hyderabad.
The auction process for the two new teams to be included in the PSL has been completed. The auction process was held at the Jinnah Convention Center, Islamabad, where there is fierce competition between different parties. During the auction, a bid of Rs 175 crore was received for the seventh team of the PSL, which made the process more interesting. FKS Group bought the seventh team of the PSL for Rs 175 crore and chose Hyderabad for the team.
Owner of the Hyderabad team Fawad Sarwar says that having grown up in Hyderabad, we wanted to buy a team and go. After which a bid was made for the eighth team of the PSL. The highest bid was made by OZ Developers and they bought the team for 185 crores. OZ Developers chose Sialkot.
At the beginning of the ceremony, Chairman Pakistan Cricket Board Mohsin Naqvi gave a prize money of Rs 90 million to the team that won the Rising Star Asia Cup. On this occasion, the winning team of the Hong Kong Sixes was also given a prize of Rs 18.5 million.
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