The Pakistan Cricket Board (PCB) on Wednesday announced that it has received an “exceptional and encouraging” response to its tender for the sale of two new franchises of the Pakistan Super League (PSL), with 12 parties submitting bids within the stipulated deadline.
According to the PCB, the bidders hail from five countries — the United States, Australia, Canada, the United Arab Emirates and Pakistan — underscoring the league’s growing global footprint and commercial appeal.
The board said the outcome of the initial phase of the bidding process will be announced on December 27.
In the next stage, bidders who meet the technical requirements will be invited to take part in an open competition bidding process for the acquisition of the two new teams.
This phase is scheduled to be held on January 8 at the Islamabad Convention Centre.
The PCB reiterated its commitment to conducting the entire process in a transparent and competitive manner, in line with international standards, with the aim of ensuring the sustained expansion and long-term growth of the PSL.
