An actual property consortium and a U.S.-based aviation and healthcare conglomerate received the bids for 2 new Twenty20 franchises within the Pakistan Tremendous League (PSL) for $12.75 million on Thursday.
OZ Builders named Sialkot as its new franchise which it received at public sale for rupees 1.85 billion ($6.55 million).
FKS Group from america selected the title of Hyderabad after securing the bid for rupees 1.75 billion ($6.2 million).
The brand new groups will increase the PSL to eight groups when the season begins from March 26.
Multan Sultans will likely be run by the Pakistan Cricket Board this yr earlier than it goes up on the market after the PSL ends in April. Multan’s former proprietor, Ali Tareen, who developed variations with the PSL administration, was eligible to bid for the 2 new groups however pulled out on the final minute from a pool of 10 permitted bidders at Thursday’s public sale.
“If I come again to PSL, it must be for a similar motive,” Tareen wrote on X earlier than the public sale. “South Punjab is the place my coronary heart is. It’s house. When the Multan group is being bought, we’ll be prepared. Wishing all of the bidders the most effective.”
Revealed on Jan 08, 2026