LAHORE: The Pakistan Cricket Board (PCB) has progressed with its intention to introduce two teams into the Pakistan Super League (PSL), establishing an official bidding price for prospective investors.
Sources reveal that PCB has set a $200,000 deposit along with a $20,000 non-refundable charge for those interested in placing bids for the new franchises. Authorities state that the bidding fee is intended to guarantee that committed purchasers participate in the process.
Sources disclosed that certain unserious firms had earlier thought about submitting documents for promotional reasons. Thus, PCB plans to examine all paperwork prior to moving forward with negotiations.
It is evident that the PSL is becoming a more attractive business venture as a league, after several potential buyers have lined up to show their interest in purchasing the two new PSL franchises. The deadline for submitting the bids is December 15.
PSL season 11 set to be held in April-May 2026
The 11th season of the Pakistan Super League (PSL) is scheduled to take place in April and May of next year, according to an agreement reached in the meeting between the Pakistan Cricket Board (PCB) management and the franchise representatives in Lahore.
The source said that the meeting was a discussion between the PSL management representatives and the owners of all the franchises. They discussed player management, the draft schedule, venues, and the league window.
The PCB also unveiled a preliminary scheme to the team owners about the admission of two new franchises in the next season of the league. Besides that, the franchise representatives were given a detailed briefing regarding the new title sponsorship agreement.
They consented to continue the discussion on the key issues at their follow-up meetings. The franchises were informed that they would receive updates relating to team valuations in the coming week.
The planned window for April–May for PSL 11 would be a departure from the tournament’s usual February–March slot, thus bringing it more in line with international cricket schedules and possibly allowing the league to be expanded to eight teams for the first time.
