{"id":5842,"date":"2026-01-08T14:42:17","date_gmt":"2026-01-08T14:42:17","guid":{"rendered":"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/"},"modified":"2026-01-08T14:42:17","modified_gmt":"2026-01-08T14:42:17","slug":"historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport","status":"publish","type":"post","link":"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/","title":{"rendered":"Historic Rs1.85bn bid buys Sialkot as new PSL franchise, Hyderabad snapped up for Rs1.75bn &#8211; Sport"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/i.dawn.com\/large\/2026\/01\/08173420e8aeac9.webp\" \/><\/p>\n<div dir=\"auto\">\n<p>Two new franchises were added to the Pakistan Super League (PSL) XI as OZ Developers put forward a massive Rs1.85 billion bid to win Sialkot moments after FKS group won Hyderabad for Rs1.75bn at the league\u2019s auction on Thursday.<\/p>\n<p>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.<\/p>\n<p>I2c\u2019s final bid was Rs1.82bn before OZ Developers upped the ante and ended the night at Rs1.85bn, the highest ever bid for a PSL franchise.<\/p>\n<p>The first round of the auction was won by FKS, which was also in a bidding war with i2c, whose final bid was Rs1.7bn.<\/p>\n<figure class=\"media  w-full  w-full  media--left  media--embed  media--uneven media--tweet\" data-original-src=\"https:\/\/x.com\/thePSLt20\/status\/2009263171660337477?s=20\">\n<\/figure>\n<p>The base price for the first franchise \u2014 the seventh team being added to PSL \u2014 was set at Rs1.1bn, while the base price for the eighth team was Rs1.7bn.<\/p>\n<p>This will be Hyderabad and Sialkot\u2019s first appearance since the league\u2019s inception in 2015, with this year\u2019s league set for March 26-May 3.<\/p>\n<p>The cities up for potential franchise allocation included Faisalabad, Gilgit, Hyderabad, Muzaffarabad, Rawalpindi and Sialkot.<\/p>\n<p>The current PSL teams include Lahore Qalandars, Islamabad United, Peshawar Zalmi, Quetta Gladiators, Karachi Kings and Multan Sultans.<\/p>\n<p>Bidders for the two new teams were FKS, OZ Developers, Aim Next inc, Deharki Sugar Mills, Inverex Solar, i2c, Jazz, Prism Developers, VGO TEL, and Walee Pakistan.<\/p>\n<p>Commentator and former Pakistan cricket team captain Wasim Akram hosted the auction as PSL CEO Salman Naseer joined him on stage.<\/p>\n<p>\u201cTen years of PSL have lead us to this moment,\u201d Naseer said at the start of the auction.<\/p>\n<p>Akram coaxed the bidders buy reminding them that winning a bid was more than just ownership; it was the ability to design new logos, kits, interact with players and much more.<\/p>\n<p>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.<\/p>\n<p>The team that won the Hong Kong Sixes title was also awarded a cash prize of Rs 18.5m.<\/p>\n<figure class=\"media  w-full  w-full  media--left  media--embed  media--uneven media--tweet\" data-original-src=\"https:\/\/x.com\/thePSLt20\/status\/2009248248117252580?s=20\">\n<\/figure>\n<p>The bidding deadline was <a href=\"https:\/\/www.dawn.com\/news\/1962993\">extended <\/a>multiple times \u2014 initially from December 15 to December 22, and further to December 24 \u2014 amid growing interest from investors in Europe, the United States, the Middle East and beyond, following promotional <a href=\"https:\/\/www.dawn.com\/news\/1961099\">roadshows <\/a>in London and New York.<\/p>\n<h2><a id=\"ex-multan-sultans-owner-ali-tareen-pulls-out-of-auction\" href=\"#ex-multan-sultans-owner-ali-tareen-pulls-out-of-auction\" class=\"heading-permalink\" aria-hidden=\"true\" title=\"Permalink\"\/>Ex-Multan Sultans owner Ali Tareen pulls out of auction<\/h2>\n<p>Earlier in the day, ex-Multan Sultans owner Ali Tareen announced on social media that he and his family would not be participating in the PSL auction.<\/p>\n<p>\u201cOur time with Multan Sultans was never just about owning a cricket team. It was about south Punjab,\u201d he wrote in a post on X.<\/p>\n<p>\u201c[It was] about giving a voice to a region that had been overlooked for too long. That\u2019s what drove everything we built.\u201d<\/p>\n<p>Tareen added that if he were to return to the league, it would have to be for the same reason, stating that south Punjab \u201cis where my heart is\u201d.<\/p>\n<p>\u201cThis year, I\u2019ll be in the stands. Cheering for players on and celebrating with the fans. And when the Multan team is being sold, we\u2019ll be ready,\u201d he wrote.<\/p>\n<figure class=\"media  w-full  w-full  media--left  media--embed  media--uneven media--tweet\" data-original-src=\"https:\/\/x.com\/aliktareen\/status\/2009211696645328989\">\n<\/figure>\n<p><em>More to follow.<\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.dawn.com\/news\/1965821\/historic-rs185bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs175bn\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two new franchises were added to the Pakistan Super League (PSL) XI as OZ Developers put forward a<\/p>\n","protected":false},"author":1,"featured_media":5843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35,201,169],"tags":[],"class_list":["post-5842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-latest-news","category-sport"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Historic Rs1.85bn bid buys Sialkot as new PSL franchise, Hyderabad snapped up for Rs1.75bn - Sport - Aitadal News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Historic Rs1.85bn bid buys Sialkot as new PSL franchise, Hyderabad snapped up for Rs1.75bn - Sport - Aitadal News\" \/>\n<meta property=\"og:description\" content=\"Two new franchises were added to the Pakistan Super League (PSL) XI as OZ Developers put forward a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/\" \/>\n<meta property=\"og:site_name\" content=\"Aitadal News\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-08T14:42:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aitadal.com.pk\/eng\/wp-content\/uploads\/2026\/01\/08173420e8aeac9.webp.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aitadal.com.pk\/eng\/latest\/historic-rs1-85bn-bid-buys-sialkot-as-new-psl-franchise-hyderabad-snapped-up-for-rs1-75bn-sport\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/aitadal.com.pk\/eng\/#\/schema\/person\/e1b181512246dfb3ff8c3353ceeb7ac9\"},\"headline\":\"Historic Rs1.85bn bid buys Sialkot as new PSL franchise, Hyderabad snapped up for Rs1.75bn &#8211; 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