ISLAMABAD – The Pakistan Super League has entered a new phase with a major expansion.
A seventh franchise has officially been sold during the ongoing bidding process.
The development marks a historic moment for the league and its growing reach.
The new team will represent Hyderabad.
This confirms that Hyderabad joins PSL as the latest addition to the tournament.
The franchise was purchased at a record price that surprised many observers.
FKS secured the Hyderabad franchise for Rs 175 crore.
This amount is far higher than the base price of Rs 110 crore.
The aggressive bid showed strong confidence in the league’s future.
The bidding took place at the Jinnah Convention Centre in Islamabad.
The event attracted significant attention from cricket officials and investors.
The auction is being held to finalize two new PSL teams.
PCB Chairman Mohsin Naqvi attended the ceremony.
Several cities were considered during the selection process.
These included Faisalabad, Gilgit, Sialkot, Hyderabad, Rawalpindi, and Muzaffarabad.
Interest intensified after Ali Tareen withdrew from the bidding.
This reduced the field to nine serious bidding groups.
Competition quickly became intense as prices climbed.
PSL Brand Ambassador Wasim Akram formally started the bidding.
He announced the base price of Rs 110 crore.
From that point, bids increased rapidly.
FKS eventually placed the highest offer.
Their final bid secured the franchise for Hyderabad.
As a result, Hyderabad joins PSL in a landmark expansion move.
PSL CEO Salman Naseer described the sale as historic.
He said the league has grown despite many challenges.
According to him, PSL now ranks among the world’s top cricket leagues.
He also highlighted the PCB’s long-term progress.
The successful auction reflects strong commercial trust in the PSL brand.
It also signals confidence from private investors.
The addition of Hyderabad is expected to boost regional representation.
Fans across the country have welcomed the news.
Cricket followers believe the move will increase competition.
With this development, Hyderabad joins PSL at a crucial time.
The league continues to expand its footprint and value.
Further updates are expected as bidding for the second new team continues.
In other news read more about Mustafizur Rahman Joins PSL Draft After IPL Release Amid Controversy
The PSL’s growth shows no signs of slowing down.
This expansion could reshape future seasons of the tournament.
