Peshawar Zalmi extend HBL PSL franchise agreement

Peshawar Zalmi has agreed to extend its PSL franchise agreement, while other franchises have until Tuesday to decide. However, Multan Sultans’ matters are still unresolved.

According to details, the Pakistan Cricket Board (PCB) recently carried out a valuation of the Pakistan Super League and its franchises. Based on that assessment, new franchise fees were determined. The franchises were initially given until November 20 to accept the new agreement terms, which was later extended to November 25.

Sources say that franchise officials have been in discussions over the past few days. Peshawar Zalmi is the first to agree to the new terms, while other teams are expected to follow soon.

The Multan Sultans franchise, however, did not receive any official communication from the board regarding the new agreement. After repeated criticism of the league and its officials, team owner Ali Tareen was issued a notice. In response, he tore up the notice in a sarcastic video, further worsening his case.

As of now, Multan Sultans’ situation remains unresolved. If no progress is made by Tuesday, PCB may opt for a fresh round of bidding, and Ali Tareen will be barred from participating due to disciplinary reasons. In his recent statements, Tareen has hinted at pursuing legal action.
Meanwhile, preparations are also underway for the sale of the seventh and eighth PSL teams. A public advertisement was issued a few days ago, and sources report that several companies have shown interest in purchasing new franchises.

PCB has listed six cities, and whichever company wins the bid will be allowed to choose a team name from among them.

New franchises

The Pakistan Super League is pleased to announce that the auction for the two new HBL PSL franchise teams will take place on 6 January, 2026.

This marks a significant milestone in the league’s continued expansion and its commitment to expanding its footprint across Pakistan. The addition of two new teams will also create fresh commercial, sporting and fan engagement opportunities.

The pool of cities shortlisted for potential franchise allocation includes: Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.
The successful bidders at the auction will have the right to choose from amongst these city/team names. Only technically qualified bidders will be invited to the Auction.

The HBL PSL, now recognised as one of the premier T20 leagues globally, continues to grow in stature, commercial strength and fan following. The PCB and PSL Management look forward to welcoming new stakeholders to the HBL PSL ecosystem and to further elevating the league’s impact on Pakistan cricket.