Only eligible PSL franchises to receive new long-term contracts
“PCB ties the next PSL franchise cycle to formal valuation reports.”
Key points
- PCB ties the next PSL franchise cycle to formal valuation reports.
- New, decade-long deals will be offered only to eligible teams.
- Officials have been told to begin talks with owners on renewals.
- Historic team prices highlight the league’s rising market value.
The Pakistan Super League (PSL) has begun groundwork for a new decade-long cycle of franchise agreements that will be awarded only to eligible teams, the Pakistan Cricket Board (PCB) said. The process is anchored in chartered firms’ valuation reports that will determine market values for renewals.
At a meeting with PCB Chairman Mohsin Naqvi, PSL chief executive Salman Naseer and chief operating officer Sameer Syed, the charter firms presented their findings. Following a review, the chairman directed officials to engage franchise owners and move swiftly toward fresh signings based on the valuations.
Historic figures underscore the league’s growth: in 2015, Karachi Kings were priced at $2.6 million, Lahore Qalandars at $2.5 million, Peshawar Zalmi at $1.6 million, Islamabad United at $1.5 million and Quetta Gladiators at $1.1 million; Multan Sultans joined in 2017 on a $6.35 million annual fee. The PCB reiterated that only “eligible” franchises will have their contracts renewed, a stance that comes amid tensions with Multan Sultans over alleged breaches of their 10-year agreement.
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