The Pakistan Super League (PSL) is set for its biggest expansion ever as the league moves from six to eight franchises ahead of PSL 11 in 2026. In a major development, the Pakistan Cricket Board (PCB) has officially confirmed the 10 bidder groups that have qualified to participate in the auction for two new PSL team licenses.
This expansion marks a new era for Pakistan’s premier T20 league, strengthening its commercial value, global reach, and fan base.
PSL 11 Team Auction – Key Details
The official auction for the two new PSL franchises will take place on:
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Venue: Jinnah Convention Centre, Islamabad
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Date: 8 January 2026
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PSL Season: PSL 11
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Tournament Dates: 26 March to 3 May 2026
The winning bidders will gain full franchise rights and will select home cities from a PCB-approved list.
Complete List of All 10 Bidders for New PSL Teams (2026)
Below is a detailed and verified list of all corporate groups and companies that have been cleared by PCB to bid in the PSL expansion auction:
Inverex Solar Energy (Renewable Energy)
Inverex is a well-known Pakistani renewable energy company with a strong presence in solar power solutions. Having previously partnered with PSL as a sponsor, the company’s interest reflects confidence in PSL’s long-term commercial growth.
OZ Group / OZI Developers (Real Estate)
Led by businessman Hamza Majeed, OZ Group and its real estate arm OZI Developers have shown growing interest in sports and entertainment investments, making PSL ownership a strategic branding opportunity.
VGO TEL (Technology & Telecom)
Karachi-based VGO TEL, headed by CEO Naveed Gaba, represents the technology sector’s increasing involvement in professional sports, particularly digital engagement and fan connectivity.
Jazz (Telecommunications)
Telecom giant Jazz is already a major PSL sponsor and strategic partner. Its participation as a bidder signals strong interest from one of Pakistan’s largest corporate brands in owning a franchise outright.
DSM / Tareen Group (Business & Sports)
The Tareen Group, led by Ali Khan Tareen—former owner of Multan Sultans—has entered the bidding process, indicating a potential return to PSL ownership after exiting the previous franchise agreement.
i2c (Global Fintech)
Founded by Pakistani-American entrepreneur Aamir Waien, i2c is a global fintech company specializing in digital banking and payment technology. Its presence highlights growing international investor interest in PSL.
Walee Technologies (Media & Fintech)
Walee Tech operates at the intersection of media, influencer marketing, and fintech. The company aims to leverage PSL’s digital reach for broader brand engagement and innovation.
Prism Developers + Exchange ON (Property & Tech)
This joint bid combines Prism Developers’ real estate expertise with Exchange ON’s technology-driven services, reflecting cross-sector investment appetite in Pakistan’s T20 ecosystem.
Kingsmen Group (Investment Firm)
Kingsmen Group is an investment-focused organization viewing PSL franchises as long-term commercial assets, benefiting from media rights, sponsorship growth, and league expansion.
Aim Next Inc (Technology & Innovation)
Rounding out the list is Aim Next Inc, a technology and innovation company exploring sports franchises as a platform for growth, branding, and international exposure.
Possible Home Cities for New PSL Teams
The successful bidders will be allowed to choose their home cities from the PCB-approved list, which includes:
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Rawalpindi
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Faisalabad
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Hyderabad
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Sialkot
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Muzaffarabad
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Gilgit
This move is expected to expand PSL’s geographic footprint and engage new regional fan bases.
Why PSL Expansion 2026 Is a Big Deal
The addition of two new teams will:
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Increase the total number of matches
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Create new local and international player opportunities
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Boost sponsorship, broadcasting, and ticket revenue
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Strengthen PSL’s position among top global T20 leagues
With strong interest from telecom, fintech, real estate, energy, and tech sectors, PSL’s commercial value continues to rise.
What Happens Next?
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January 8, 2026: Franchise auction
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Winning bidders announced
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Team names, branding, and home cities revealed
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New franchises debut in PSL 11 (March 2026)
Fans can expect official announcements from PCB shortly after the auction.
Final Words
The confirmation of all 10 bidders for the new PSL teams highlights the Pakistan Super League’s growing appeal as a premier global T20 brand. With diverse corporate interest and expanding regional representation, PSL 11 is set to be the biggest and most competitive season yet.
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