PSL new franchise bid Sialkot and Hyderabad. Two new franchises were add to the Pakistan Super League (PSL) XI as OZ Developers. Which put forward a massive Rs1.85 billion bid to win Sialkot moments. This after FKS group won Hyderabad for Rs1.75bn at the league’s auction on Thursday. OZ Developers were in a bidding war with software company i2c as they went head-to-head in the second round of the auction taking place at the Jinnah Convention Centre in Islamabad.
Sialkot was secure with a historic bid of Rs1.85 billion. Making it the most expensive franchise purchase in PSL history. The winning bid reflects the city’s strong cricketing legacy, industrial importance, and passionate fan base. Positioning Sialkot as a major new force in the league. Meanwhile, Hyderabad was snap up for Rs1.75 billion. Marking another significant investment and underlining the growing commercial value of the PSL. The inclusion of Hyderabad is expect to revive top-tier cricket in the region and expand the league’s reach to new audiences.
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Details of New Franchises
Officials from the Pakistan Cricket Board (PCB) hailed the successful auction as a major milestone for the PSL’s expansion plans. They said the strong bids demonstrate investor confidence in the league’s future, its global appeal. And its role in promoting cricket across Pakistan. This will be Hyderabad and Sialkot’s first appearance since the league’s inception in 2015. With this year’s league set for March 26-May 3. Ahead of bidding process, Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi awarded a cash prize of Rs 90 million to the team that won the Rising Star Asia Cup.
With the addition of Sialkot and Hyderabad, the PSL is set to enter a new phase of growth, bringing more competition, fresh rivalries, and broader national representation. Further details regarding team ownership, branding, and player drafts are expect to be announce in the coming weeks. The expansion is also likely to create new opportunities for local players, sponsors, and fans, reinforcing the PSL’s position as one of the most lucrative and popular T20 leagues in the world.