Historic Rs1.85bn Bid Buys Sialkot As New PSL Franchise, Hyderabad Snapped Up For Rs1.75bn

Sialkot and Hyderabad have secured spots as the latest Pakistan Super League (PSL) franchises through record-breaking bids, officials announced. Sialkot was acquired for Rs1.85 billion, while Hyderabad was snapped up for Rs1.75 billion, marking the highest-ever franchise valuations in PSL history. The Pakistan Cricket Board (PCB) stated that the successful bidders met financial and operational criteria, reflecting growing domestic and international interest in the league. Analysts noted that the addition of these teams is expected to enhance competition, expand fan engagement, and strengthen the commercial profile of the PSL