Pakistan Super League: Seven companies fight it out to buy franchises

Published: December 3, 2015
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Rameez Raja stands on stage along with Misbahul Haq and Shahid Afridi at the PSL launch ceremony in Lahore on September 20, 2015. PHOTO: SHAFIQ MALIK/EXPRESS

Rameez Raja stands on stage along with Misbahul Haq and Shahid Afridi at the PSL launch ceremony in Lahore on September 20, 2015. PHOTO: SHAFIQ MALIK/EXPRESS

KARACHI: As many as seven companies participated in the franchise bidding process of the Pakistan Super League (PSL) as technical bids of interested parties were opened at the Pakistan Cricket Board (PCB) headquarters on Wednesday in Lahore.

The rights of five franchises — Karachi, Lahore, Peshawar, Islamabad and Quetta — are on offer for a 10-year period. Though a number of parties bought the bidding documents, but only seven presented formal proposals, which include companies from the Middle East as well.

Pakistan Super League launched in star-studded event

It has been learnt that the companies officially in the race comprise ARY Media Group, Omar Associates, Arif Habib Group, Haier, Mobilink as well as two foreign companies: UAE’s Venture Capital and Qatar’s Premier Oil Company QALCO.

“We’re happy that seven credible companies with clean and strong backgrounds have participated in the bidding war of PSL franchises,” a PSL official told The Express Tribune.

All seven technical bids have been accepted by the PSL Governing Council and financial bids will be opened on Thursday.

“What’s heartening for us is the fact that out of the seven, six parties have submitted bids for all five franchises while only Arif Habib Group has submitted a bid for Karachi. So this shows that people are keen on what PSL has to offer,” added the official.

PCB confirms UAE as venue for Pakistan Super League

It remains to be seen whether any of the bidders have met the reserved price when the financial bids will be opened. “If none of them meet the price, then we’ll hold an auction between all seven parties,” said the official. “If more than one party meets the reserved price for a certain franchise, there will be rebidding between them, and the highest bidder will get the rights.”

The PSL is scheduled to be staged in Dubai and Sharjah from February 4-24 with the likes of Chris Gayle, Kevin Pietersen, Kieron Pollard, Shane Watson, Lasith Malinga, Dawyne Bravo, Angelo Mathews and others in attendance.

Published in The Express Tribune, December 3rd, 2015.

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Reader Comments (15)

  • Anoni
    Dec 3, 2015 - 10:26AM

    The contract should be Five year… ten years is way too longRecommend

  • Kaleem
    Dec 3, 2015 - 2:06PM

    Strong going! Hats off to everyone involved in PSL. Recommend

  • Waseem Sarwar
    Dec 3, 2015 - 3:13PM

    as per reports, ARY have won bidding for Karachi while Lahore’s franchise will go to Qatar oil company. Haier was always going for Peshawar. Hopefully other two franchises will also be sold and we have a cracking PSL. Recommend

  • Farru
    Dec 3, 2015 - 4:44PM

    Good luck to everyoneRecommend

  • Singh
    Dec 3, 2015 - 6:53PM

    The PSL is scheduled to be staged in Dubai and Sharjah
    Please change name from PSL to DSSL.Recommend

  • Adnan.s
    Dec 3, 2015 - 8:18PM

    M. Aamir should com in teamRecommend

  • ShamelessIndian
    Dec 3, 2015 - 8:33PM

    @Singh:
    Did you change the latest IPL name to DPL?Recommend

  • Dec 3, 2015 - 8:40PM

    This League can super awesome for the cricketing future of Pakistan. Hope everything goes well, it will surely be a great one :)Recommend

  • PrasadDeccani
    Dec 3, 2015 - 8:55PM

    @Singh:

    Do we really need to post such comments?Recommend

  • heed
    Dec 3, 2015 - 9:22PM

    All the best guys.Hope PSL makes your domestic cricketers financially stable.Recommend

  • Tahir mehmood khan
    Dec 3, 2015 - 10:53PM

    It will be a big chance to all pakistani players to show their tielent and make palace in team.Recommend

  • Dec 4, 2015 - 12:40AM

    Quite an impressive response from the seven bidders. Well done PCB! This is a feather in your camp. We pray all I goes well. Salams Recommend

  • basil
    Dec 4, 2015 - 6:20AM

    @Singh:

    Interestingly when IPL was held in UAE the name was still the same, there are chances that it will happen again and IPL will be held outside India, but unlike you,sane people like us won't be asking India to change the name.
    Recommend

  • THE
    Dec 4, 2015 - 11:44AM

    @Singh: Your shameless hatred for Pakistan and everything Pakistani has no boundaries but try to make some sense once in a while. Recommend

  • Babloo
    Dec 4, 2015 - 6:05PM

    Thank God Boom Boom Afridi is playing, Otherwise huge loss to PCB would have happened!Recommend

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