Overview
- The Pakistan Cricket Board confirmed it received 12 bids from investors in the United States, Australia, Canada, the UAE and Pakistan for the two new franchises.
- Technically qualified bidders will be named on December 27, with the franchise rights decided through an open auction at the Islamabad Convention Centre on January 8, 2026.
- The sale is part of a planned expansion to eight teams for PSL 11, with the 2026 tournament scheduled from March 26 to May 3 and slated for 44 matches over 39 days.
- The base price for each new franchise is set at USD 4 million, with multiple reports noting some bidder caution about valuations even as formal interest remained strong.
- Successful buyers will choose team identities from a PCB shortlist that includes Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.