The number of teams in the 11th edition of the PSL will be increased from six to eight. The auction will be followed by a special performance by Rahat Fateh Ali Khan.
The Pakistan Cricket Board (PCB) had put forward the names of Faisalabad, Hyderabad, Sialkot, Muzaffarabad, Gilgit-Baltistan and Rawalpindi.
Out of these six teams, bidders will select two.
The PCB has so far released details of 10 bidders.
The auction will be broadcast live in order to ensure transparency and global visibility to prospective investors and cricket fans worldwide.
Three weeks ago, PCB Chairman Syed Mohsin Naqvi said that the PSL’s 11th edition was scheduled to be held from March 26 to May 3, 2026, while also announcing that the auction for two proposed new franchises would take place on January 8.
The announcements were made during a PCB investor roadshow in New York.
Addressing the event, Mohsin said the PCB had taken administrative control of the Muzaffarabad Cricket Stadium and intended to begin its renovation work soon.
He added that efforts were underway to have the venue ready for the PSL in time, though he acknowledged that completion before the tournament was not guaranteed.
“We are starting Muzaffarabad’s stadium, which we have taken over, and our target is to get it ready before the PSL. If not, then work will be initiated within this year,” he said.
Mohsin also stated that the deadline for submission of bids for the new franchises had been extended to December 22, citing interest from prospective investors.