A new update from the PSL 2026 has emerged. After getting bids from 12 interested parties, a new detail has surfaced. The PCB is planning to sell each of the two franchises for the next season, for an annual fees of PKR 1.3 billion. As per a report in PTI, the board also wishes to hold the final auction of the teams on Jan 8.
Reserve price set at PKR 1.3 billion
What is even more surprising is, the ex-owner of Multan Sultans, who had relinquished the ownership of the team, seems to have submitted the initial bid documents. That said, Multan might just not be getting new owners for now, and could be managed by PCB itself.
In a confidence-building measure, PCB has guaranteed a minimum distribution of PKR 850 million to each of the team from the central pool, for the next five editions of the league, from the 11th season. It has also been agreed upon, that if a franchise’s share falls below the promised amount, the board will chip to cover the shortfall.
Ex-Multan Sultans owner expresses interest too
This is despite the different amounts being paid by each of the six existing teams. As of now, the Quetta Gladiators are valued at PKR 360 million, Peshawar Zalmi at PKR 480 million, Islamabad United at PKR 490 million, Karachi Kings at PKR 650 million, Lahore Qalandars at PKR 670 million and Multan Sultans at PKR 1.8 billion. In this edition, the teams will be allowed to spend up to USD 1.4 million to get players through the draft.
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