LAHORE: The expected reserve price for a new PSL franchise is likely to be set at around Rs. 1.25 billion.
The Pakistan Cricket Board (PCB) is expected to finalize decisions on two new teams in January.
According to sources, the reserve price may even exceed Rs. 1.25 billion, with multiple domestic and international firms showing interest.
Additional, five major companies, including businesses from the real estate and solar energy sectors, both with a history of supporting cricket, have stepped forward.
Meanwhile, two U.S.-based entrepreneurs and investors from the U.K. and another European country are also expected to participate in the bidding process.
The deadline for submitting technical proposals is 15 December 2026, and only bidders who meet the required qualifications will move on to the next stage.
The auction for two new franchises will take place on 6 january 2026.
PCB has shortlisted six cities Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit, from the successful bidders will select their home venues.
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