New PSL Team Could Come With a Massive 1.25 Billion Rupee Reserve Price

There is growing indication that the Pakistan Super League (PSL) is poised for one of its most expensive expansions yet, with the reserve price for a new franchise expected to be set at no less than 1.25 billion rupees. Several major local and international companies have already entered the bidding process, signalling heightened commercial interest in the league’s next phase of growth.

Strong Local and International Interest

According to sources familiar with the matter, a prominent Pakistani real-estate conglomerate and a well-known solar-energy company—both long-time sponsors of domestic cricket—are among the leading contenders. In total, five major Pakistani groups are believed to be part of the bidding pool, alongside bidders from the United States, the United Kingdom, and another European nation.

Two American businessmen have reportedly expressed serious interest in owning a team, reflecting the league’s increasing global visibility. Meanwhile, the Pakistan Cricket Board (PCB) has already issued the initial tender, and the final reserve price is expected to be set above the early estimate of 1.25 billion rupees. The deadline for submitting technical proposals is 15 December, after which only the qualified bidders will advance to the next phase of the tendering process. A final decision on the addition of two new franchises is expected in January, when the PCB is scheduled to determine the successful applicants and formalise the expansion.

One of the companies participating has drawn particular attention for its distinctive name—reportedly beginning with the letter “T” and followed by “Group of Companies”—though details remain confidential.

Uncertainty Surrounds Multan Sultans’ Ownership

As the bidding for new franchises gains momentum, a parallel development has raised significant questions about the future of an existing PSL team. Multan Sultans owner Ali Tareen has publicly indicated his intention to step away from the league, though the PCB has not issued an official statement in response.

Sources suggest that discussions are under way to resolve the matter, with several political figures reportedly attempting to mediate. Some insiders believe the existing financial structure may have influenced the team’s position. The Sultans previously paid an annual franchise fee of 1.08 billion rupees, and a projected 25% increase could push the fee to 1.30 billion rupees, a figure believed to be a key point of contention. There are also questions about whether Tareen’s potential exit would affect the team’s identity. Should the current owners withdraw entirely, the continuity of the Multan Sultans' name may not be guaranteed. Further uncertainty surrounds whether present franchise owners—including Multan—will be eligible to participate in any rebidding process if the PCB opts to reopen the team’s rights.

A Defining Moment for the League

The PSL’s upcoming expansion represents a pivotal moment for the tournament, now recognised as one of the world’s leading T20 leagues. The expected reserve price reflects not only the league’s commercial strength but also the rising competition among corporations seeking a foothold in Pakistan’s most prominent sporting platform. While the tendering process remains ongoing, the high level of interest—from domestic heavyweights to foreign investors—suggests the league is on course for a substantial financial uplift. The PCB’s final decisions in January will determine the shape of the league’s next chapter, including whether Multan Sultans retain their existing ownership and identity, and which new cities or brands join the competition.

For now, bidders are preparing detailed proposals, the PCB is evaluating interest, and stakeholders across the cricketing landscape are waiting to see how the league evolves amid growing financial stakes and shifting ownership dynamics.

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