The Pakistan Super League (PSL) has attracted a dozen bids for the rights to two new teams in the 2026 edition, with offers coming from five continents, despite reports suggesting bidders are wary of the high base price set by the board.
The Pakistan Cricket Board (PCB) has established USD 4 million as the base price for the new PSL teams, stating that interest has surged following successful roadshows in London and New York that drew numerous investors.
Although there were claims that the PCB had not received any bids due to this high asking price, sources informed Telecom Asia Sport (www.telecomasia.net) that multiple bids have indeed been submitted. “Around 12 bids were received, which is an exceptional and encouraging response to the tender issued for the sale of two new franchises of the Pakistan Super League (PSL),” a source stated.
The bidders hail from five continents, including the United States, Australia, Canada, the United Arab Emirates (UAE), and Pakistan, indicating the PSL’s expanding global popularity and commercial allure. A prominent businessman from the USA, Aamir Wain, has submitted a bid through a consortium and is interested in acquiring the Hyderabad team, as reported.
The next phase of the bidding process will be unveiled on December 27 after the bids are scrutinised. Some bidders are apprehensive about the price, which may exceed 5 million dollars given the current currency exchange rates.
The PCB is set to conduct an auction in Islamabad on January 8, 2026, to finalise the sale.
According to the report, the PCB’s valuation of the existing five teams revealed that Lahore Qalandars experienced the highest increase in value. Lahore will pay 2.37 million dollars for the next ten years, whereas Karachi Kings’ estimated value is 2.27 million dollars. Multan Sultans, once the most expensive franchise in 2018, have seen their new valuation reach about 3 million dollars following a fallout with the PCB.
These valuations are determined based on current dollar to Pakistan rupee conversion, which is now at 280 compared to 160 when the teams were initially sold in 2015, as noted in the report.
A bidder from the United Arab Emirates (UAE) remarked to www.telecomasia.net that the success of PSL 2026 hinges on attracting top-class players, which would in turn create substantial value for the franchises.








