Overview
- Ten of 12 initial proposers were technically qualified to advance to the live auction on January 8, 2026, at Islamabad’s Jinnah Convention Centre, the PCB said.
- Multiple reports say the reserve annual franchise fee is around PKR 1.3 billion for each of the two new teams.
- The PCB has confirmed it will cover any shortfall if a franchise’s central-pool share drops below PKR 850 million in any of the next five seasons.
- Former Multan Sultans owners have submitted bid documents for a new team, while Multan’s ownership remains unresolved and the PCB may operate the side for PSL 11.
- Winning bidders will choose a team name from a PCB shortlist of six cities: Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad, and Sialkot.