Overview
- OZ Developers, led by Hamza Majeed, secured Sialkot for Rs1.85 billion and US-based FKS Group, led by Fawad Sarwar, won Hyderabad for Rs1.75 billion in a live, public auction.
- Sialkot co-owner Kamil Khan said the team will announce its logo and the name of its president today and is targeting top international players with a locally rooted coaching setup.
- Hamza Majeed outlined plans to develop a home base in Sialkot, consider Faisalabad Stadium as an option offered by the PCB, and pursue three to four foreign signings after contacts with several Australian players.
- Prime Minister Shehbaz Sharif praised the auction’s transparency and professionalism, noting the full broadcast, as Wasim Akram presided over the bidding.
- The PCB will operate Multan Sultans for the upcoming season before a post-tournament sale, with PSL 11 scheduled from March 26 to May 3, 2026.