Pakistan Super League (PSL) seventh team was bought by FKS for Rs 175 million and eighth team by Oz Developers for Rs 185 million. The teams will be named Hyderabad and Sialkot.
After the Hyderabad and Sialkot franchises, eight teams will now feature in Season 11 of the Pakistan Super League, with the PSL starting from March 26.
The 7th and 8th PSL teams were sold for a total of 3 billion and 60 million dollars.
PSL brand ambassador Wasim Akram announced the base prize with an offer of Rs 110 million, buying seventh-place team Hyderabad FKS for Rs 175 million.
Hyderabad team owner Fawad Sarwar says growing up in Hyderabad, we wanted to buy a team and go.
The base prize has been fixed at Rs 170 crore for the auction of the PSL’s eighth team, which was bought for Rs 185 crore, which will be named Sialkot.
A ceremony was held in Islamabad for the auction of two new Pakistan Super League (PSL) teams, Pakistan’s first sports channel, Geo Super, broadcast the ceremony live.
After the withdrawal of Ali Tarin, now 9 parties will participate in the tender.
PCB Chairman Mohsin Naqvi is present for the event at Jinnah Convention Centre, teams will be selected from Faisalabad, Gilgit, Sialkot, Hyderabad, Rawalpindi, Muzaffarabad.
PSL Chief Executive Salman Naseer says PSL has faced challenges, Pakistan Cricket Board is progressing, Pakistan Super League is the best league in the world.
PSL brand ambassador Wasim Akram announced the base prize with an offer of Rs 110 million.
The Pakistan Super League (PSL) auction of two new teams is underway in Islamabad, Pakistan’s first sports channel Geo Super is telecasting the event live.
