ISLAMABAD: The auction for two new Pakistan Super League (PSL) teams concluded successfully, with Hyderabad purchased for PKR 1.75 billion as the 7th franchise and Sialkot acquired for PKR 1.85 billion as the 8th franchise.
The event was held at the Jinnah Convention Center, Islamabad, and attended by PCB Chairman Mohsin Naqvi, federal ministers, prominent players, and officials.
Nine bidders and six potential cities were introduced at the start of the auction. Chairman PCB Mohsin Naqvi officially opened the proceedings by ringing the ceremonial bell, while Wasim Akram served as the auctioneer. The base price for each franchise was set at PKR 1.1 billion, with a minimum increment of PKR 10 million per bid.
In the first round of bidding, FKS Group successfully acquired the 7th team with a bid of PKR 1.75 billion, selecting Hyderabad as the team’s home city. In the second and final stage, Ozee Developers won the 8th franchise for PKR 1.85 billion, naming the team Sialkot.
Before the auction, the ceremony also honored recent tournament winners. Pakistan Shaheens and Hong Kong Sixes teams were awarded for their achievements, with the Hong Kong Super Sixes winning Pakistani team receiving PKR 185 million and the Rising Stars Asia Cup winners awarded PKR 90 million. PCB Chairman Mohsin Naqvi presented the prizes.
Speaking at the event, PSL CEO Salman Naseer highlighted that the league’s decade-long journey has been full of challenges and successes. “We are not just fighting to survive, but to grow. Thanks to our teams, players, sponsors, franchises, and fans, PSL is today counted among the world’s top leagues,” he said.
The 11th season of PSL is scheduled to take place from March 26 to May 3, 2026. With the addition of Hyderabad and Sialkot, the total number of PSL teams has increased from six to eight.
About FKS Group
FKS Group, a leading Southeast Asian conglomerate with interests in food and agriculture, logistics, and property development, won the 7th franchise after a competitive bidding process.
With strong operational foundations in Indonesia, the group has recently expanded into sports investments, marking its first formal entry into the cricketing world with PSL.
About Ozee Developers
Ozee Developers, chaired by Hamza Majeed, is active in real estate and property development and seeks investment opportunities in sports and recreational ventures. The acquisition of the Sialkot franchise represents their entry into Pakistan’s premier cricket league.