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LAHORE: The Pakistan Cricket Board (PCB) has shortlisted six cities for the two new teams, which are set to join Pakistan Super League (PSL) 11 in 2026, ARY News reported on Friday.
The shortlisted cities, Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit and Rawalpindi, represent a diverse geographical spread, signalling the board’s intention to broaden the league’s national footprint.
The development comes alongside the PCB’s completion of the long-awaited independent valuation process for all existing PSL franchises and key commercial assets.
With the exercise now concluded, the board has issued renewal offer letters to compliant franchises, outlining revised financial terms for the next 10-year cycle.
Teams have been asked to communicate their decisions within the assigned deadline, a move that marks a major commercial milestone for the league.
In an effort to maintain complete transparency, the PCB has set up both collective and individual meetings between franchise owners and the independent valuation firm, EY MENA.
These sessions will give teams an opportunity to understand the valuation methodology in detail and raise queries before finalising their commitments.
Alongside the renewal process, the PCB has also received valuation reports for the two expansion teams, effectively setting the stage for the next phase of PSL growth.
The tender process for the sale of the new franchises is expected to begin soon, adding momentum to what is poised to be one of the most significant structural upgrades in the league’s history.
The confirmation aligns with what PSL CEO Salman Naseer stated earlier in October during a press conference at the National Bank Stadium, where he revealed that an auction would be held for the two new teams.
“An auction will be held for two new PSL franchises, and bidding parties will be given a pool of city names from which they can select,” he said.
