PCB concludes valuation of PSL teams and assets

LAHORE: The Pakistan Cricket Board (PCB) has announced that the valuation process for Pakistan Super League (PSL) franchises and related assets has been completed.

Following the valuation, all eligible PSL franchises have been sent offers to renew their agreements for the next ten years on revised fee structures. Franchises have been asked to communicate their decisions to PSL management within the given deadline.

To ensure transparency in the decade-long franchise agreements, the PCB has also arranged joint and individual meetings between franchise representatives and the chartered firm EY MENA. These meetings will allow franchise owners to review the valuation methodology and seek clarification on any concerns.

The PCB has additionally received reports from EY MENA regarding the potential pricing of two new PSL franchise teams. The tender process for the sale of these teams will begin soon.

Interested buyers will be allowed to choose from the following cities for their teams: Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit, and Rawalpindi.

The PCB management reiterated its commitment to maintaining fair, transparent, and mutually beneficial relationships with all PSL stakeholders, noting that the league continues to play a vital role in the growth and global recognition of Pakistan cricket.