LAHORE: The Pakistan Cricket Board has once again extended the deadline for submission of bids for the two new Pakistan Super League teams, sources said. Geo Super on Saturday.
According to insiders, the deadline, previously set for December 22, has been extended to December 24, due to two holidays falling within the period and also due to the request of parties wishing to bid.
For the uninitiated, the auction for the two new PSL teams will be held on January 8, which has also been delayed by a day due to the one-week extension in the bidding agreement, which was originally announced on December 15.
Notably, the first extension to the bid deadline came due to “increasing interest” from Europe, the United States of America (US) and the Middle East.
“With increasing interest from Europe, the US, the Middle East and beyond to acquire new HBL PSL teams, we have decided to extend the bidding deadline by one week to December 22, 2025,” Naqvi had announced in a post on X, formerly Twitter.
“Good luck to everyone, excited to welcome our new franchise owners to the HBL PSL family.”
The development came as part of a successful roadshow at the iconic Lord’s Cricket Ground in London, where the marquee league received “unprecedented attention” as a large number of investors attended the event and expressed interest in acquiring the two new PSL franchises for sale.
It is worth mentioning that the PSL, which started in 2016 with five franchises and later expanded to six sides in 2018, is set to expand further with the addition of two new teams from its upcoming 11th edition, which will be played next year.
With the upcoming additions, the PSL will undergo its first major restructuring in seven years, bringing the total number of franchises to eight.
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