PSL Auction | Two New Teams | Mohsin Naqvi Fulfills Promise | Wasim Akram In Action | Zor Ka Jor

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PSL Auction | Two New Teams | Mohsin Naqvi Fulfills Promise | Wasim Akram In Action | Zor Ka Jor

Description:

'Historic': Hyderabad, Sialkot join PSL as flagship league expands to eight teams. FKS Group, OZ Developers buy seventh and eighth PSL franchises; PCB chief says auction shows investor trust. OZ Developers acquires PSL team with Rs1.85bn bid. FKS clinches ownership of seventh team with Rs1.75bn. Auction marks second major expansion in PSL history..

The Pakistan Super League (PSL) expanded to eight teams on Thursday as Hyderabad and Sialkot were officially confirmed as the league’s seventh and eighth franchises, respectively, following the completion of the expansion auction ahead of the upcoming season.

The OZ Developers, owned by Hamza Majeed, secured the ownership of the eighth PSL team with a bid of Rs1.85 billion and named it after Sialkot in the second round of the highly anticipated auction.

The base price for the eighth PSL team was set at Rs1.70 billion after the FKS Group acquired the ownership of the first franchise up for sale for Rs1.75 billion.

In the first round, all nine qualified bidders competed fiercely, placing massive bids for the new team.

The FKS group owned by Fawad Sarwar emerged as the winner by offering Rs1.75 billion, successfully leading the auction and taking the helm of one of the two new franchises.

Pakistan Super League makes history as two new teams are officially added to PSL, bringing massive excitement for cricket fans across the country. This big development is expected to reshape the future of Pakistan cricket by expanding the league, increasing competition, and creating new opportunities for emerging players.

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