Advertisement
Advertisement
LAHORE: The Pakistan Cricket Board (PCB) Chairman, Mohsin Naqvi, unveiled the prize money for the upcoming Pakistan Super League (PSL) season 11 on Friday, which will feature an expanded eight-team lineup.
In a post on his official X account, Naqvi confirmed that the PSL 11 champions will receive $500,000, while the runners-up will earn $300,000.
He also introduced a new category recognising off-field impact, announcing $200,000 for the “Best Franchise Contributing Towards Cricket Development.”
“Complementing the Pakistan Super League’s growth, I am thrilled to announce a new reward for franchises in the forthcoming editions,” Naqvi wrote on his official X account.
This major financial announcement arrives on the same day the PCB confirmed the auction date for the league’s two new franchise teams.
The auction, set to shape PSL 11, will take place on 6 January 2026, marking a pivotal moment in the tournament’s expansion.
The shortlisted cities in contention for franchise allocation include Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.
Only technically qualified bidders will be invited to the auction, and successful bidders will be granted the right to choose their preferred city or team name from the shortlisted pool.
Highlighting the league’s growing stature globally, the PCB noted:
“The HBL PSL, now recognised as one of the premier T20 leagues, continues to grow in commercial strength, fan following and overall impact. We look forward to welcoming new stakeholders to the PSL ecosystem.”
Thursday’s announcement also comes on the heels of recent confusion triggered by social media reports claiming that the two new team names had already been finalised.
Rumours had suggested that Faisalabad and Gilgit were the frontrunners.
However, the PCB dismissed those claims, clarifying once again that franchise names will only be determined after the auction and strictly in accordance with the procedure outlined in the official bid documents.
