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PCB Opens Bidding for Two New PSL Teams After Independent Revaluation

Multan Sultans did not receive a renewal offer, according to reports citing compliance issues.

Overview

  • PCB launched the tender for two expansion franchises with technical proposals due December 15 and bids limited to Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit, or Rawalpindi.
  • An EY MENA-led valuation of existing teams and commercial assets has concluded, and renewal offers with revised 10-year fees were sent to compliant franchises with review meetings arranged.
  • Media reports say auditors recommended sizeable fee hikes of roughly 75–150% for existing teams, with Multan Sultans previously cited as the priciest at about USD 6.35 million annually.
  • Sources at Pakistani outlets report that contracts were issued to five franchises while Multan Sultans was excluded over alleged non-compliance tied to earlier disputes with owner Ali Khan Tareen.
  • No window has been finalized for PSL 11, and reporting indicates the season is likely to overlap the IPL period next year.