LAHORE: Pakistan Cricket Board (PCB) on Thursday announced that Multan would be the sixth franchise of Pakistan Super League (PSL) 2018 edition.
In an announcement on Twitter, HBL PSL congratulated Schon Group on meeting the reserve price of $5.2 m per year for the 6th team.
On April 29, the PCB had shortlisted five regions for the sixth Pakistan Super League (PSL) 2018 franchise.
The cricket board had invited parties to bid for five regions namely Hyderabad, Dera Murad Jamali, FATA, Faisalabad and Multan.
A foreign news agency had reported that PCB decided to include the sixth team in the upcoming edition of PSL due to increase in the popularity of the cricket league.
The teams were shortlisted on the basis of their performance in the domestic structure and merit.
PSL Chairman Najam Sethi, during the second edition of the competition, had announced that a sixth team will be included in PSL 2018.