PCB completes HBL PSL franchise valuation, new teams on the horizon

Pakistan Cricket Board (PCB) has announced the completion of an independent valuation of HBL Pakistan Super League (PSL) franchises and other commercial assets, marking a significant step in shaping the league’s future over the next decade.

Following the valuation exercise, the PCB has shared renewal offer letters with all compliant PSL franchises, reflecting the updated franchise fees for the next 10 years. Franchises have been requested to review the offers and communicate their decisions within the stipulated timeline.

To ensure full transparency and clarity, the PCB has arranged both collective and individual meetings between franchise representatives and the independent valuer, EY MENA. These sessions will provide franchises with an opportunity to understand the valuation methodology and address any queries.

In addition, the PCB has received valuation reports for two new PSL franchise teams. The tender process for their sale is expected to commence shortly, offering prospective investors the opportunity to join Pakistan’s premier T20 cricket league. Interested parties will have the option to choose from the following city names for the new franchises: Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit, and Rawalpindi.

“The PCB remains committed to maintaining a fair, transparent, and mutually beneficial partnership with all PSL stakeholders,” the board said in a statement. “The league continues to play a pivotal role in the growth and global recognition of Pakistan cricket.”

The move comes at a crucial time as the PSL seeks to expand its footprint, attract new investors, and strengthen its position as one of the leading T20 leagues globally.