PCB Chairman Mohsin Naqvi (left) and FKS proprietor Fawad Sarwar on the public sale for the 2 new PSL groups on the Jinnah Conference Centre in Islamabad on January 8, 2026. — PSL
ISLAMABAD: The FKS Group on Thursday acquired one of many two new Pakistan Tremendous League (PSL) franchises after efficiently bidding Rs1.75 billion within the league’s growth public sale.
All 10 certified bidders competed fiercely, putting huge bids for the brand new staff. The corporate owned by Fawad Sarwar emerged because the winner by providing Rs1.75 billion, efficiently main the public sale and taking the helm of the brand new franchise.
This marks the second main growth within the league’s historical past.
Beforehand, Multan Sultans turned the primary staff to be added through the third season of the PSL, rising the variety of groups from 5 to 6.
With this 12 months’s historic eleventh version, two extra groups have been launched, taking the full from six to eight franchises.
The eleventh version of the PSL is all set to happen from March 26 to Might 3, promising one other thrilling season of cricket for followers throughout Pakistan and past.
With seven groups already confirmed, 9 certified bidders will compete with even larger bids to safe the rights to the eighth and last staff, finishing the league’s growth.
For the unversed, profitable bidders had been allowed to pick a house metropolis from a PCB-approved listing that included Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.
PSL growth
To discover worldwide traders, the PSL hosted two roadshows on the iconic Lord’s Cricket Floor in London and in New York, and obtained unprecedented curiosity, receiving bids from 12 events from 5 completely different continents.
In a quick assertion, the cricket board shared that traders from the USA of America (USA), Australia, Canada, the United Arab Emirates (UAE) and Pakistan expressed their curiosity in buying the franchises up on the market.
Final month, the cricket board’s Bid Committee “thoroughly” evaluated the proposals made by 12 events from 5 completely different continents, and after a three-day-long scrutiny, shortlisted 10 bidders, who had been discovered to have met the technical standards and certified for the second stage.
Nevertheless, on the eleventh hour, Tareen Group introduced to drag out of the public sale, bringing the variety of certified bidders to 9.
The shortlisted bidders embody OZ Builders, Goal Subsequent inc, Deharki Sugar Mills, FKS, Inverex, i2c, Jazz, Prism Builders, VGO Tel and Walee Applied sciences.
It is a growing story and is being up to date with additional particulars
