PCB confirms names of all bidders for new PSL teams

Rajgeeta Yadav

Pakistan Super League 2026 [Source: AFP]Pakistan Super League 2026 [Source: AFP]

The Pakistan Cricket Board (PCB) has officially announced the names of ten groups that have qualified to take part in the auction for two new Pakistan Super League (PSL) teams. Notably, this announcement was made on Wednesday and marks an important step as the PSL gets ready for its 11th season. 

With this expansion, the league will grow from six teams to eight teams, making it one of the biggest moments in PSL history.

PCB confirms all 10 bidders for new PSL teams

The PCB shared the update through its official social media platforms. In its post, the board confirmed that eight bidders were already approved, while two will soon be added, completing the list of ten qualified bidders. 

It is worth mentioning that the shortlisted bidders come from a wide range of industries. These companies see PSL as a strong platform for growth, branding, and long-term investment. 

Notably, among the qualified bidders is Inverex, a well-known renewable energy company that has previously sponsored PSL events.

Another bidder is the OZ Group, also known as OZI Developers, which works in real estate and property development and has shown interest in sports and entertainment projects.

VGO Tel, a Karachi-based mobile and technology services company, is also part of the list. Meanwhile, Jazz, the largest telecom company in Pakistan and a long-time PSL partner, has once again stepped forward.

Ex-Multan Sultan owner qualifies for PSL auction

The DSM Tareen Group, led by businessman Ali Khan Tareen, has also qualified. He was previously the owner of Multan Sultans and played a key role in building the team’s success.

Other bidders include i2c, a global fintech company founded by Pakistani-American entrepreneur Aamir Waien, and Walee Tech, which focuses on media, fintech, and digital engagement. 

In addition, Prism Developers has joined hands with Exchange ON to submit a joint bid. Kingsmen Group, an investment company focused on long-term sports assets, is also in the race. Aim Next Inc, a company centered on technology and innovation, completes the list.

PSL 2026 team auction set to take place on January 8

According to reports, the PCB plans to sell each new team at an annual franchise fee of 1.3 billion Pakistan rupees. The final PSL team auction is scheduled for January 8 at the Jinnah Convention Centre in Islamabad. 

In total, around twelve parties submitted initial bid documents, including five from overseas. After technical reviews, ten bidders were approved.

Currently, franchise values vary across teams. Quetta Gladiators are valued at 360 million rupees, while Multan Sultans stand at 1.8 billion rupees. Additionally, franchises will be allowed to spend up to 1.4 million US dollars on players through the PSL draft. 

Successful bidders will also be given the option to choose a home city from an approved list, including Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.

The PSL 2026 season is expected to run from March 26 to May 3.