Overview
- Lahore Qalandars, Peshawar Zalmi, Quetta Gladiators, Karachi Kings and Islamabad United have signed new 10-year deals to retain their teams.
- Ali Khan Tareen confirmed he will not renew Multan Sultans’ contract after a public dispute with the PCB and PSL management.
- Renewals were issued off an EY MENA valuation using a retention formula that requires incumbents to pay the previous fee plus 25% of the new valuation.
- The PCB plans to finalize new ownership for Multan Sultans and maintain the league’s expansion to eight teams for the 11th edition.
- An auction for two new franchises is set for January 6, 2026, with bidders choosing from shortlisted cities including Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.