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LAHORE: The Pakistan Cricket Board (PCB) on Wednesday moved closer to expanding the Pakistan Super League (PSL), unveiling all 10 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.
The lineup of bidders has now been finalized, with the highly anticipated auction scheduled for Thursday at the Jinnah Convention Centre in Islamabad, as the upcoming edition of the PSL runs 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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The ninth and 10th were bidders were also revealed today, with USA-based Aim Next Inc and Southeast Asian holding company FKS joining the list.
“All 🔟 confirmed. The stage is set. FKS announced as the 🔟th and final qualified bidder for the HBL PSL Teams Auction,” the caption of the PSL social media post read.
It is pertinent to mention that 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.
Akram also shared his views on the upcoming auction, calling the auction a big day in Pakistan’s cricketing landscape.
‘Big Day tomorrow, PSL is one of Pakistan’s biggest brands, and we will be there for the new teams. Exciting day tomorrow for Pakistan and Pakistan cricket,” he said in a video message.
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