LAHORE: The Pakistan Cricket Board (PCB) on Wednesday moved closer to expanding the Pakistan Super League (PSL), unveiling eight of the ten qualified bidders for the auction of two new teams ahead of season 11.
The board has been revealing each bidder individually through the league’s official social media channels since Monday, with the final two bidders expected to be announced later on Wednesday.
The highly anticipated auction is scheduled for Thursday at the Jinnah Convention Centre in Islamabad, as the upcoming edition of the PSL is set to run from March 26 to May 3.
Inverex Solar Energy was the first bidder revealed, followed by OZ Group of Companies and VGO TEL Mobile.
Subsequent announcements introduced Jazz, DSM, i2c, Prism Estate & Builders, while Walee emerged as the eighth qualified bidder.
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As part of the league’s expansion from six to eight teams, the PCB has been conducting technical and financial evaluations of proposals submitted by interested groups.
The process aims to ensure long-term stability and commercial strength as the league enters a new phase.
Successful bidders will also be granted the right to select a home city from a PCB-approved list, which includes Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.
Adding further significance to the event, legendary former Pakistan captain and brand ambassador for PSL 11, Wasim Akram, will oversee the auction proceedings.
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