Particle.news
Download on the App Store
40 ARTICLES
·
23h ago

PSL Expands to Eight Teams as Hyderabad and Sialkot Sold for Record Fees

Record bids at a live Islamabad sale set up a temporary PCB run of Multan Sultans before a planned re-auction.

Image
Image
The Multan Sultans owners will bid for a new team in PSL 2026, while the PCB runs the franchise this year. Here's why.
Image

Overview

  • FKS Group secured Hyderabad for PKR 1.75 billion, while OZ Developers bought Sialkot for PKR 1.85 billion, the highest fee in league history.
  • Season 11 is scheduled for March 26 to May 3, 2026, when the two new franchises will make their debut.
  • The auction took place at the Jinnah Convention Centre with PCB chairman Mohsin Naqvi in attendance and Wasim Akram serving as auctioneer.
  • Former Multan Sultans owner Ali Tareen withdrew shortly before the event, reducing the bidding pool to nine qualified parties.
  • PCB said it will operate Multan Sultans for the 2026 season and aims to demonstrate profitability before re-auctioning the franchise.