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Sialkot & Hyderabad Bought For $12.75 Million At PSL Auction

Sialkot & Hyderabad Bought For $12.75 Million At PSL Auction


2026-01-09 05:03:52
(MENAFN- Kashmir Observer) Islamabad- A real estate consortium and a U.S.-based aviation and healthcare conglomerate won the bids for two new Twenty20 franchises in the Pakistan Super League for $12.75 million on Thursday.

OZ Developers named Sialkot as its new franchise, which it won at auction for 1.85 billion rupees ($6.55 million).


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FKS Group from the United States chose the name of Hyderabad after securing the bid for 1.75 billion rupees ($6.2 million).

The new teams will expand the PSL to eight teams when the season begins on March 26.

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Kashmir Observer

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