PCB clears 10 bidders for auction of two new HBL PSL franchises

The Pakistan Cricket Board has shortlisted 10 bidders for the sale of two new HBL Pakistan Super League (PSL) franchise teams, who will now participate in the auction, scheduled for January 8.

According to a PCB statement, posted on X, the PCB Bid Committee has successfully completed the technical evaluation of proposals, submitted by interested parties, for the sale of the two new HBL PSL franchises.

A total of 12 proposals were received from bidders from across the globe and were scrutinised by the PCB Bid Committee, the statement said.

Read: Shaheen Afridi suffers injury scare in BBL

Following a thorough and transparent evaluation process, the PCB Bid Committee qualified 10 bidders who met the technical criteria and have now advanced to the second stage, it added.

These 10 technically qualified bidders will proceed to participate in the auction scheduled for January 08, 2026, at the Jinnah Convention Centre in Islamabad.

At the auction, the successful bidders will have the right to choose their franchise team names from among the following cities: Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad and Sialkot.

“The HBL PSL extends its congratulations to all qualified bidders and appreciates the strong interest shown by both local and international investors. For those interested parties who were unable to submit proposals in time, we also thank them for their keen interest,” said HBL PSL Chief Executive Officer Salman Naseer.

“The league looks forward to achieving another significant milestone in the expansion and evolution of the HBL PSL as we now prepare for the eagerly awaited auction,” he added.