The Pakistan Cricket Board (PCB) has extended the deadline for submitting bids for two new Pakistan Super League (PSL) franchises. The decision comes after strong interest from international investors. The development was reported by ABC as part of wider sports business coverage.
PCB Chairman Mohsin Naqvi confirmed the extension on Saturday. He announced that the new deadline is now December 22, 2025. Earlier, bids were scheduled to close one week sooner.
Mohsin Naqvi said the extension was approved due to rising global interest. He noted that investors from Europe, the United States, and the Middle East have shown keen attention. Other regions have also expressed interest in owning PSL teams.
In a post on social media platform X, he shared the update publicly. He said the PCB wants to provide more time to serious bidders. This step aims to ensure a competitive and transparent process.
The decision follows a recent PCB promotional roadshow in London. The event was held at the historic Lord’s Cricket Ground. Many potential buyers attended the session and learned about the league’s business model.
According to PCB officials, the response at the London event was very positive. Several investors asked detailed questions about franchise ownership. This growing interest has been highlighted by ABC as a sign of PSL’s rising global value.
The PCB is continuing its outreach to overseas markets. Another roadshow is scheduled to take place in New York. The event will be held on Saturday and will target North American investors.
During the New York session, PCB representatives will present the league’s structure. They will also explain revenue streams and future growth plans. The goal is to attract long-term partners for the PSL.
The bidding process for the two new franchises is moving forward smoothly. The official auction is planned for January 6, 2026. All approved bids will be reviewed before final decisions are made.
The PCB has said the league expansion is part of a broader strategy. The board wants to increase PSL’s international reach and commercial strength. Officials believe new teams will bring fresh markets and audiences.
Cricket analysts say the move reflects PSL’s steady growth. Increased foreign interest shows confidence in Pakistan’s cricket economy. As reported by ABC, the PCB expects the expansion to boost the league’s global profile even further.
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The PSL is currently one of the most-watched T20 leagues in the region. With new franchises, the PCB aims to take it to the next level.
