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PSL Adds Hyderabad and Sialkot, Expanding to Eight Franchises After Live TV Auction

Government praise for a transparent, televised sale signals investor confidence, prompting rapid next steps.

Overview

  • Hyderabad was bought by US-based FKS Group for Rs1.75 billion, while OZ Developers won Sialkot with a record Rs1.85 billion annual fee.
  • Prime Minister Shehbaz Sharif called the expansion a major milestone during a meeting with the new owners at the Prime Minister’s House.
  • Senior PCB and government officials, including Chairman Mohsin Naqvi and Information Minister Attaullah Tarar, attended the meeting, underscoring institutional backing.
  • Sialkot co-owner Kamil Khan said the team will announce its logo and franchise president today and aims to recruit top international players in coordination with the PCB.
  • PSL 11 is scheduled for March 26 to May 3, 2026, as coverage also points to surging digital audiences that the league seeks to translate into sustainable revenue.