PCB Sets 1.3 Billion Rupee Fee for New PSL Teams; 12 Bidders Emerge

• PCB sets annual franchise fee at 1.3 billion Pakistani rupees for each of two new PSL teams.
• Final auction scheduled for January 8; 12 parties, including 5 overseas, have submitted initial bids.
• Former Multan Sultans owners, who previously left due to differences with PCB, have also submitted bids.
• PCB guarantees a minimum 850 million PKR distribution from the central revenue pool for the next five editions to boost investor confidence.
• Franchises will be allowed to spend up to USD 1.4 million each to acquire players through the PSL draft.

Why It Matters: PCB aims to expand PSL with two new teams, attracting significant investment with guaranteed returns.