Hyderabad confirmed as seventh PSL team in landmark auction
PCB chairman Mohsin Naqvi (left) and FKS owner Fawad Sarwar at the auction for the two new PSL teams at the Jinnah Convention Center in Islamabad on January 8, 2026. — PSL ISLAMABAD: FKS Group on Thursday bagged one of the two new Pakistan Super League (PSL) franchises after successfully bidding Rs1.75 billion in the league’s expansion auction. All 10 eligible bidders competed fiercely, submitting huge bids for the new team. The Fawad Sarwar-owned company emerged as the winner by bidding Rs 1.75 billion, successfully leading the auction and taking the helm of the new franchise. This marks the second












