PCB extends deadline for two new PSL team bids to Dec 22

• PCB extended the deadline for submitting bids for two new Pakistan Super League (PSL) teams to December 22.
• The decision was made due to significant interest from prospective investors in the United States, UK, and Gulf Countries.
• PCB Chairman Mohsin Naqvi expressed encouragement regarding the growing foreign interest in the PSL franchises.
• The board is conducting roadshows in New York and previously held one in London to promote the league.
• Each new PSL team reportedly has a reserve price of 130 crore PKR, equivalent to approximately 470,000 USD.

Why It Matters: This impacts the PSL's expansion and financial future.