Pakistan Cricket Board extends deadline to submit bids for two new PSL teams

The Pakistan Cricket Board (PCB) has extended the deadline for investors to buy the two new teams in the Pakistan Super League (PSL) by one week.

PCB chairman Mohsin Naqvi announced that bids can be submitted until December 22, instead of December 15.

He claimed that the interest being shown by prospective investors from the United States, the UK, and the Gulf Countries in the two new teams of the PSL was heartening for the board.

“The growing interest of foreign investors in the PSL is encouraging and we are waiting to welcome the owners of the two new franchises soon,” Naqvi said.

The PCB is also holding a roadshow for the PSL on Saturday in New York, which will include several Pakistan team members and also its Test captain Shan Masood.

Last Sunday, the PCB held a PSL roadshow at the Lord’s cricket ground in London, describing it as a major success.

But questions are being raised in cricket circles about the amount of money the board has spent on these roadshows abroad and the need to extend deadlines for the bidders of the two new teams.

The PCB had also called former captains Ramiz Raja and Wasim Akram for the London roadshow, and they are expected to be present on Saturday in New York.

Though the PCB has made no official announcement, it has reportedly kept a reserve price of PKR 130 crore for each new team, which comes to about 470,000 USD.

Published on Dec 13, 2025