The Pakistan Super League (PSL) has seen a significant rise in its financial value following the addition of two new teams. The PSL financial growth with two new teams shows that the annual fees of these new franchises are even higher than the combined fees of the existing five teams, highlighting the league’s increasing commercial appeal.
On Thursday, the auction for the two new PSL teams was held at the Jinnah Convention Center in Islamabad. Hyderabad and Sialkot became the newest additions to the league, with FKS Group buying Hyderabad for PKR 1.75 billion and Ozi Developers acquiring Sialkot for PKR 1.85 billion.
In total, the seventh and eighth teams were sold for PKR 3.6 billion combined. Hyderabad’s team will pay an annual fee of PKR 1.75 billion, while Sialkot will pay PKR 1.85 billion, which is 34 percent higher than the combined annual fees of the five existing franchises.
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The current teams – Lahore, Karachi, Islamabad, Quetta, and Peshawar – collectively pay PKR 2.64 billion annually. Following the new valuations, Lahore Qalandars will pay PKR 670 million, Karachi Kings PKR 640 million, Peshawar Zalmi PKR 490 million, Islamabad United PKR 780 million, and Quetta Gladiators PKR 380 million. Team owners are also required to pay a 25 percent increase over the previous fee to maintain ownership at the new valuation.
With these changes, the PSL financial growth with two new teams emphasizes the league’s rising market value and commercial potential. Notably, Multan Sultans, which paid PKR 1.08 billion in the 10th edition, did not maintain ownership this year, and the Pakistan Cricket Board will directly manage the team after Ali Tareen stepped down.
