The Lahore Fort was the backdrop for the PSL draft. — PSLPSL expands from six groups to eight.Franchise public sale is ready for January 8.Inverex, VGO TEL and OZ Group apply.
The franchise public sale is scheduled for January 8 on the Jinnah Conference Centre in Islamabad.
Among the many confirmed bidders is the Tareen Group, led by businessman Ali Khan Tareen.
Tareen beforehand owned the Multan Sultans, a franchise he acquired in 2018 and helped remodel into one of many PSL’s most constant performers, successful the title in 2021 and reaching a number of finals.
Nevertheless, relations between Tareen and the PCB soured over renewal phrases and governance points. He was the one proprietor not supplied a 10-year extension, and the dispute escalated after the PCB issued a authorized discover over alleged contract breaches. In late 2025, Tareen introduced his exit. Together with his departure efficient at yr’s finish, he’s now eligible to bid for one of many new franchises.
Inverex Group, one among Pakistan’s main renewable vitality firms, has additionally utilized for bidding rights.Â
Its entry indicators rising company curiosity in PSL’s growth. Karachi-based VGO TEL, beneath CEO Naveed Gaba, has submitted its utility as properly.Â
The OZ Group, chaired by Hamza Majeed, has formally entered the race, additional intensifying competitors.
Majeed has beforehand expressed his dedication to sports activities funding, making OZ Group a robust contender. As soon as profitable bidders are confirmed, they are going to have the chance to pick out a house metropolis from the PCB’s authorized record, which incorporates Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.
