Sialkot fetch record bids as PSL The Pakistan Super League (PSL) has entered a new era with the addition of two new franchises. The league is expanding, money is growing, and interest around PSL is stronger than ever. This major development has once again put the spotlight on franchise value, as Sialkot fetch record bids as PSL moves from six teams to eight and prepares for a bigger future.
Two new teams take PSL to the next level
The Pakistan Cricket Board (PCB) has officially added Hyderabad and Sialkot as new franchises, increasing the PSL team count to eight. This historic decision was finalized through an auction held on January 8. With this expansion, Sialkot fetch record bids as PSL shows clear signs of financial growth and rising global interest.
The Hyderabad franchise was bought by US-based aviation and healthcare company FKS for PKR 1.75 billion. Meanwhile, OZ Developers, a real estate consortium, secured the Sialkot franchise for PKR 1.85 billion, making it the most expensive team in PSL history. Once again, Sialkot fetch record bids as PSL highlights how valuable the league has become.
PCB had set a base price of PKR 1.1 billion for the first franchise, but bidding quickly crossed expectations. FKS CEO Fawad Sarwar won the Hyderabad team after aggressive bidding. This strong response proves why Sialkot fetch record bids as PSL is being discussed widely among cricket fans and analysts.
Hyderabad’s franchise fee is nearly three times higher than the highest existing team fee. Lahore Qalandars currently hold the highest old valuation at PKR 670 million. Compared to that, Hyderabad’s price reflects how Sialkot fetch record bids as PSL has redefined franchise economics.
Record-breaking bids signal PSL’s strong future
The bidding for Sialkot was even more impressive. With a base price of PKR 1.7 billion, OZ Developers secured the team at PKR 1.85 billion. This confirmed that Sialkot fetch record bids as PSL has reached a new financial milestone.
Existing PSL franchises were bought for prices ranging between PKR 370 million and PKR 670 million. In contrast, the new franchises have set entirely new benchmarks. Clearly, Sialkot fetch record bids as PSL reflects growing confidence among investors.
PCB Chairman Mohsin Naqvi also announced that the Multan franchise will be sold next year. The PCB will manage the team this season after owner Ali Tareen stepped away due to disagreements. Even here, Sialkot fetch record bids as PSL plays a role, as expectations for Multan’s valuation have also risen.
Ali Tareen stated that South Punjab remains close to his heart and hinted at a return when Multan is officially auctioned. His comments show how Sialkot fetch record bids as PSL has inspired renewed interest among former owners.
The 11th season of the PSL will run from March 26 to May 3. With new teams, record investments, and growing popularity, Sialkot fetch record bids as PSL confirms that the league is entering its most ambitious phase yet.
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