Pakistan Super League (PSL) Chief Operating Officer Salman Naseer announced on Wednesday that existing franchise owners will soon face a key decision — either match the new team valuations to continue their ownership or step away from the league.
Speaking at a press conference at the National Bank Stadium, Salman confirmed that independent auditors Ernst & Young (EY) are finalizing the updated valuations for all six PSL franchises. The report, expected this week, will set a new benchmark price for the next 10-year extension period.
“Once the valuation is complete, each franchise that has met all its contractual obligations will be given the figures,” Salman explained. “They’ll have the first right of renewal for the next 10 seasons based on that valuation. If any team opts out, those rights will be offered through an open process, allowing new investors to step in under the revised structure.”
This revaluation comes as the PSL prepares for its biggest transformation yet — expanding from six to eight teams in the upcoming season. Salman revealed that two new franchises will be introduced through an open bidding process, with potential investors choosing from a PCB-approved list of cities to ensure fair regional representation.
“Interest levels are already extremely high,” he said, without disclosing the base price. However, he hinted that the minimum bid amount would be “significantly higher than previous benchmarks.”
Salman also confirmed that the PSL has now been registered as a separate legal entity under the Pakistan Cricket Board (PCB), allowing it to function with “dedicated resources and focused management” while still maintaining alignment with the PCB.
“The discussion within the Board of Governors continues — how much independence should PSL have versus synergy with the PCB?” he said. “Our aim is simple: to let PSL grow while staying connected where it matters most.”
However, the press conference couldn’t avoid addressing the recent controversy involving Multan Sultans owner Ali Tareen, who has accused PSL management of mismanagement, selective leaks, and lack of transparency in valuations — claims that have sparked debate among fans on social media.
Responding to the issue calmly but firmly, Salman said, “This is an internal matter — it will be resolved in boardrooms, or if necessary, through legal channels.”
In more positive news, Salman also announced that HBL, the PSL’s title sponsor since its inception, has renewed its sponsorship for another two years — this time at a remarkable 505 percent increase from its original 2016 deal.