Archive · 24 Dec 2025
PSL 2026 Receives 12 Bids for Two New Teams
The Pakistan Super League (PSL) is getting bigger!
The organizers received 12 bids from people in five different parts of the world who want to start new teams in the league.
This is exciting because it shows that many people believe in the PSL's potential.
The base price for each new team is USD 4 million, which some people think is quite high.
However, the current teams in the league, like Lahore Qalandars and Karachi Kings, have also increased in value.
The final decision on the new teams will be made in an auction in January 2026.
This means more teams, more games, and more cricket fun for everyone!
PSL 2026 received 12 bids for two new teams from five continents.
Base price set at USD 4 million per team, with some bidders concerned about potential higher costs.
Bidders include a prominent businessman from the USA interested in the Hyderabad team.
Existing teams' valuations have increased, with Lahore Qalandars being the highest valued.
Auction to finalize the sale of new teams will be held in Islamabad on January 8, 2026.
- Who
- Pakistan Cricket Board (PCB) and potential investors from five continents
- What
- Bidding process for two new teams in the Pakistan Super League 2026
- When
- Bids received by December 24, 2025; auction on January 8, 2026
- Where
- Global (bidders from the USA, Australia, Canada, UAE, and Pakistan)
- Why
- To expand the league and capitalize on growing global interest and commercial appeal
- Number of bids
- 12
- Base price per team
- USD 4 million
- Continents with bidders
- 5 (North America, Australia, Asia, Europe, Africa)
- Auction date
- January 8, 2026
- Highest valued existing team
- Lahore Qalandars (USD 2.37 million for 10 years)