Overview
- The PCB confirmed Lahore Qalandars, Peshawar Zalmi and Quetta Gladiators have renewed their PSL franchise rights for the next decade.
- The renewals followed an independent valuation by Ernst & Young that informed revised franchise fees and offer letters for the new 10-year cycle.
- Media reports describe a renewal mechanism where incumbent owners pay their prior fee plus 25% of the new valuation, with indicative figures citing Lahore near PKR 980m in valuation and roughly PKR 670m in annual payment and Peshawar near PKR 870m and roughly PKR 500m.
- Multan Sultans’ status remains unsettled after owner Ali Tareen publicly criticized the process, tore up a notice on video and suggested legal action, with reports indicating the PCB could reopen bidding if no resolution is reached.
- The PSL scheduled a January 6, 2026 auction for two new franchises as it expands to eight teams, with shortlisted cities including Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.