PSL Expansion Plans Unveiled for 2026
The Pakistan Cricket Board (PCB) has announced plans to expand the HBL Pakistan Super League (PSL) in 2026, with two new franchises expected to be sold for $7 million to $10 million each. This marks a major milestone in the league’s growth, as the PCB seeks to maximize revenue from broadcasting, sponsorships, and franchise fees.
Currently, six teams participate in the PSL under a 10-year agreement, set to be renewed after the 10th season. All existing franchises have shown interest in continuing, but the expansion will bring in two additional teams, increasing competition and revenue opportunities.
Revised Franchise Fees & Market Valuation
To determine updated franchise fees, an independent audit firm will assess the PSL’s overall market value. The PCB had previously fixed an exchange rate of Rs170 per dollar for franchise payments, but with the rupee now at Rs282 per dollar, significant fee adjustments are expected.
- Multan Sultans currently pays Rs1.08 billion ($6.3 million) annually, making it the most expensive franchise.
- Other teams were initially sold for $1.1 million to $2.6 million per season.
- The new franchises are expected to cost up to Rs2.5 billion ($10 million) each.
Interest from Investors & Concerns from Existing Franchises
A major corporate entity in Pakistan and a Grade Two cricket institution have shown interest in acquiring the new teams. Additionally, PCB officials recently held talks with potential investors in the United States and the United Kingdom to attract international buyers.
Despite the excitement, existing franchise owners are concerned that their central revenue share may decline with the addition of two more teams. Under the current structure, each franchise gets an equal share of the league’s central revenue, regardless of individual team fees.
However, the PCB has assured team owners that increased sponsorship and broadcasting deals will ensure higher overall revenues.
Financial Viability & Lessons from the Past
Experts have raised concerns over the financial sustainability of new franchises, highlighting past struggles faced by PSL teams.
- In 2018, the original owners of Multan Sultans, Schon Group, withdrew due to financial losses.
- Despite its high franchise fee, Multan Sultans struggled to turn profits in early seasons.
To avoid similar issues, analysts suggest that the PCB should prioritize financially stable buyers who can ensure long-term sustainability.
Finalizing the Expansion Before PSL 11
With growing investor interest and a lucrative broadcasting market, the PCB aims to finalize the new franchises before PSL 11 in 2026. The expansion is expected to make the league even more competitive while unlocking new commercial opportunities for Pakistan cricket.
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