PSL expands as Sialkot, Hyderabad sold for record prices
FI
Home FSK and OZ Developers joined the league after purchasing teams for a record Rs1.75b and Rs1.85b, respectively The HBL Pakistan Super League (PSL) took a major step towards expansion on Thursday as two new franchises were sold at record prices during a high-profile auction at the Jinnah Convention Centre, confirming an eight-team competition from the 11th edition of the league. The highly anticipated auction, conducted by the Pakistan Cricket Board (PCB), featured 10 qualified bidders competing for the seventh and eighth teams ahead of HBL PSL season 11, which will be the league’s first edition with eight franchises. The auction began at 5pm with the bidding for the seventh team, set at a base price of Rs1.1 billion. What followed was an intense contest involving several corporate heavyweights, including Inverex Solar Energy, Walee, Prism Estate & Builders, OZ Group of Companies, i2c and Southeast Asian holding company FKS.
Published: January 8, 2026 1:44 pm
Source: The Express Tribune — Read original