Earlier, PSL CEO Salman Naseer said that new franchises will be awarded through an auction, with bidders allowed to choose any city from the approved list. The league is now preparing to launch the tender process for selling the two additional teams, expanding the domestic T20 tournament to the next stage.
The PCB has shortlisted six potential cities - Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit, and Rawalpindi - for the addition of two new teams. Notably, the final decision will be made through an open auction process, where interested bidders will have the option to select a city from the approved list.
"Following the conclusion of this exercise, renewal offer letters reflecting the new franchise fees for the next 10 years have been formally shared with all compliant PSL Franchises, requesting them to revert with their decision within the stipulated timeline."
PCB Completes Independent Valuation of PSL Franchises
Franchise owners have been given a set deadline to respond to the offers. In a bid to ensure transparency and mutual understanding, the PCB has organized detailed meetings between the valuation experts and team managements, both jointly and individually.
Fees Increased by up to 150 Percent Ahead of PSL 2026
Following the assessment, renewal letters were sent to all six existing teams. The auditors recommended a substantial fee increase ranging between 75 and 150 percent for the current franchises.
Among them, Multan Sultans remains the most valuable, with an annual fee of USD 6.35 million, while the others range between USD 2.6 million and 1.3 million.
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