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PSL teams

Australian investor emerges as potential buyer for two new PSL teams

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Australian investor

LAHORE: An Australian investor, Hamza M. Chaudhry, has expressed interest in purchasing two new franchises for the Pakistan Super League (PSL).

Speaking at a program organized by the Sports Journalists Association of Lahore, Chaudhry clarified that he would be bidding individually, not as part of a consortium. He emphasized that the draft system is a fair method for player selection, ensuring equal opportunities for all teams.

Chaudhry, who hails from Lahore, expressed particular interest in the Sialkot and Faisalabad franchises. “We will try to acquire a team and further promote cricket. I have returned to my homeland to contribute to Pakistan’s economy,” he said.

He added that he envisions the PSL as a world-class league and intends to play his part in achieving that goal. “We will do our best to make the team win. Even if we are not successful, our passion for sports will continue,” he noted.

Having previously been involved in sports activities in Australia and England, Chaudhry said his team would conduct talent hunts across all proposed cities. “I have been a fan of Lahore Qalandars and now we aim to discover new talent. Our expert team has been working on this for the past one and a half months, and we will manage the team professionally once acquired,” he concluded.

PCB concludes valuation of PSL teams and assets

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PCB concludes

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.