The expansion of the Pakistan Super League (PSL) officially got underway as FKS Group acquired the league’s seventh franchise for Rs. 175 crore, selecting Hyderabad as the team’s home city.
Auction Held in Islamabad
The bidding process for two new PSL teams is taking place at the Jinnah Convention Centre, Islamabad, marking a major step in the league’s growth ahead of the 2026 season.
The auction ceremony is being attended by Pakistan Cricket Board officials, including PCB Chairman Mohsin Naqvi and PSL CEO. Former Pakistan captain Wasim Akram is moderating the auction proceedings.
Hyderabad Returns to Top-Level Cricket
By choosing Hyderabad, the FKS Group has brought the historic city back into Pakistan’s top-tier cricket spotlight. The move is expected to:
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Expand PSL’s regional footprint
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Strengthen fan engagement in Sindh
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Create new commercial and sporting opportunities
Awards Announced at the Ceremony
At the start of the event, PCB Chairman Mohsin Naqvi announced cash rewards for recent international successes:
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Rs. 9 crore awarded to Pakistan’s Rising Star Asia Cup–winning team
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Rs. 1.85 crore awarded to the Hong Kong Sixes–winning team
PSL Enters a New Era
With the seventh franchise confirmed and the eighth team auction still underway, PSL is moving toward an eight-team format for the 2026 season, promising:
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More matches
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New rivalries
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Greater national representation
The successful sale of the Hyderabad franchise highlights PSL’s growing commercial value and its status as one of the most competitive T20 leagues globally.
