The Pakistan Cricket Board (PCB) has formally set a bidding fee of $220,000 for parties interested in purchasing the two new Pakistan Super League (PSL) teams, sources confirmed on Saturday.

The move signals the board’s intention to fast-track expansion plans for the country’s premier T20 tournament.

According to sources, the bidding fee has been structured to attract serious buyers and ensure that only committed investors enter the process.

$200,000 of the fee will be refundable
$20,000 will be non-refundable

Interested parties will be required to submit the fee along with their official offer, enabling PCB to filter out bidders lacking financial commitment.

Large pool of potential buyers ready to compete

Sources said the board is encouraged by the strong interest, noting that a large number of buyers have already expressed readiness to acquire the two new PSL franchises.

PCB officials reportedly aim to proceed only after a thorough examination of all required documents, indicating a cautious but confident approach to expanding the league.

Deadline set for Dec 15

The last date for submitting bids for the two new teams has been set for December 15, after which PCB will move ahead with evaluating offers and completing the franchise award process.

The addition of two new teams is expected to increase competition, broaden commercial appeal and further elevate the PSL’s status as one of the world’s fastest-growing T20 leagues.