• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Friday, May 16, 2025
  • Login
Daily The Patriot
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home Sports

PSL; How much can new teams be sold for? Price revealed

by Web Desk
March 16, 2025
in Sports, Top Stories
0
PSL; How much can new teams be sold for? Price revealed
0
SHARES
434
VIEWS
Share on FacebookShare on Twitter

The Pakistan Cricket Board (PCB) is keen to fill its coffers with new PSL teams, with hopes of selling a team for Rs 2 to 2.5 billion annually.

According to details, after the 10th edition of the Pakistan Super League (PSL), several other contracts, including the franchise, will be extended or changed. During the 10-year contract, the teams will remain 6, but from the 11th season of 2026, 2 new franchises will be added, while contracts with existing teams will also be reviewed.

Under which the fee will be increased, they have the option to retain the franchise or refuse if they do not want the extension of the contracts, however, no one refused and the board has also informed the decision. Now, after evaluating the event and franchises, the new fee will be decided.

Read more: PSL; Decision to add 2 new teams, what will be the names?

In this regard, the services of a reputable audit company will be taken. The PCB had fixed the dollar rate at Rs 170, and fees are charged accordingly. Now the dollar has reached Rs 282. The annual fee of the most expensive team, Multan Sultans, is Rs 1.08 billion ($6.3 million).

Read more: PSL 10; Trophy Tour announced for the first time, when and where will it start?

The franchise is continuously losing money and this amount increases further after other expenses. In the next period, the team’s value could increase by 25% to about Rs 1.5 billion. Karachi Kings were sold for $2.6 million, Lahore Qalandars for $2.5 million, Peshawar Zalmi for $1.6 million, Islamabad United for $1.5 million and Quetta Gladiators for $1.1 million.

Read more: New buyers found for 2 PSL teams, but from where?

However, for new teams, the board hopes that a franchise will be sold for $7 to $10 million. In Pakistani currency, this amount is between 2 and 2.5 billion rupees. A major stakeholder company in Pakistan cricket wants to buy a team with a partner. An organization involved in Grade 2 cricket also has a similar desire.

Read more: Waves of foreign players in PSL 10, how much will the PCB pay separately?

Recently, PCB Chairman Mohsin Naqvi and League CEO Salman Naseer met with some personalities in the US, 2 of whom have shown interest in taking the team.

Some Pakistanis living in the UK also want to join the race, but who is serious will be known only when the time comes. Under the current revenue model, all franchises get the same share from the central pool, regardless of their fees. The existing teams fear that their share will be reduced with the arrival of new franchises.

Read more: PSL 10; The schedule has been announced, when will the teams clash?

However, board sources say that after this season, all important contracts including title sponsorship and broadcast will be reviewed, which will increase the central pool.

Read more: Unique unveiling of PSL 10 trophy lying in the depths of the Arabian Sea

On the other hand, some circles are also saying that when Multan Sultans has to bear a huge loss annually for a fee of Rs 1.8 billion, how will anyone make a profit if they buy the team for Rs 2 to 2.5 billion? Maybe the way the Shoon Group left Multan Sultans in the past, maybe the owner of the new team will not do the same, so the PCB should deal with a big party that is very financially stable.

Web Desk

Web Desk

Next Post
Breakthrough on power sharing between PML-N and PPP, inside story revealed

Breakthrough on power sharing between PML-N and PPP, inside story revealed

Latest News

Palestine, Israel conflict lingers on
Opinion

A nation in the grip of heat and inaction

by Web Desk
May 16, 2025
0

Heatwave is going to grip most parts of the country and persist for a much longer period. Let us highlight the urgency...

Read more
"Unveiling Discord: The Manipulative Machinations Behind the AAC Protests in AJK"

Peace Over Provocation

May 16, 2025
Current account surplus of $7.5 million in August 2024, State Bank

Big increase in government foreign exchange reserves

May 15, 2025
Women’s internet usage rate in Pakistan increased by 12% last year

Women’s internet usage rate in Pakistan increased by 12% last year

May 15, 2025
We live in the Indian film world, the Pak Army has told us what the reality is, Behroze Sabzwari

We live in the Indian film world, the Pak Army has told us what the reality is, Behroze Sabzwari

May 15, 2025
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
Call us: 051-233-1674

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In