PCB extends bid submission deadline for two new PSL teams

LAHORE: The Pakistan Cricket Board (PCB) on Friday extended the deadline for the submission of the bids for the two new Pakistan Super League (PSL) teams by one week, citing “growing interest” from Europe, the United States of America (USA) and the Middle East.

The announcement was made by PCB Chairman Mohsin Naqvi on his official X handle, sharing that the new deadline has now been set at December 22 this year. “Witnessing growing interest from the Europe, USA, the Middle East and beyond in acquiring new HBL PSL teams, we have decided to extend the bid submission deadline by one week to 22 December 2025,” Naqvi wrote. “Good luck to everyone excited to welcome our new franchise owners to the HBL PSL family.”

The development came in the backdrop of a successful roadshow at the iconic Lord’s Cricket Ground in London, where the marquee league received “unprecedented attention” as a large number of investors attended the event and expressed their interest in acquiring the two new PSL franchises up for sale. The cricket board will hold another roadshow in New York on Saturday as it continues to engage with international investors ahead of the auction of its two new franchises, set to be held on January 6.

It is pertinent to mention that the PSL, which began in 2016 with five franchises and later expanded to six sides in 2018, is set for further expansion with the addition of two new teams from its upcoming 11th edition, set to be played next year. With the upcoming additions, the PSL will undergo its first major restructuring in seven years, bringing the total number of franchises to eight. Staff Report