Overview
- Bidding began at 4:15pm local time at Islamabad’s Jinnah Convention Centre and is being streamed on official PSL and PCB platforms.
- Ten parties were technically cleared, with nine set to bid after Ali Khan Tareen announced he would not participate.
- New owners will select from six shortlisted bases: Faisalabad, Gilgit, Hyderabad, Muzaffarabad, Rawalpindi and Sialkot.
- PCB chairman Mohsin Naqvi said the board will operate Multan Sultans for the 2026 season and auction the franchise afterward, with an acting head to be appointed within eight to ten days.
- The expansion uses a live open auction with a reserve price and Right of First Refusal, and media reports cite official documents noting minimum-earnings guarantees for new teams; Season 11 runs March 26–May 3, supported by HBL’s renewed title deal.