A diverse mix of international and domestic companies has shown interest in acquiring the two new Pakistan Super League (PSL) teams, sources confirmed.
Among the potential buyers are a US-based consortium, a telecom company, a real estate group, and a solar technology firm.
Sources revealed that a total of 14 major companies have expressed interest in the upcoming PSL 11 expansion. Details suggest that one of the new franchises is likely to be purchased by an American investor, whose company is valued at over $150 million.
Today marks the final day for submitting bid documents, after which the Pakistan Cricket Board (PCB) will assess the submissions. The PCB’s bid committee is expected to compile a list of technically qualified groups eligible to participate in the financial bidding process.
Officials said the names of all eligible bidders will be announced on December 27, ahead of the open auction scheduled for January 8. The auction will determine the official owners of the two new PSL teams.
The expansion of the PSL is seen as a major step toward strengthening the league’s domestic and international profile, attracting both local and foreign investment, and increasing competition on and off the field.
The PCB has emphasized that the bidding process will be transparent, and only technically qualified bidders will be allowed to participate in the final auction.
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