Two new franchises have been added to the Pakistan Tremendous League (PSL) as OZ Builders put ahead an enormous Rs1.85bn bid to win Sialkot, moments after the FKS Group secured Hyderabad for Rs1.75bn on the league’s public sale on Thursday.
OZ Builders have been in a bidding battle with software program firm i2c as they went head-to-head within the second spherical of the public sale happening on the Jinnah Conference Heart in Islamabad.
I2c’s last bid was Rs1.82bn earlier than OZ Builders upped the ante and ended the night time at Rs1.85bn, the best ever bid for a PSL franchise.
The primary spherical of the public sale was received by FKS, which was additionally in a bidding battle with i2c, whose last bid was Rs1.7bn.
The bottom worth for the primary franchise — the seventh crew being added to PSL — was set at Rs1.1bn, whereas the bottom worth for the eighth crew was Rs1.7bn.
This will probably be Hyderabad and Sialkot’s first look for the reason that league’s inception in 2015, with this yr’s league set for March 26-Could 3.
The cities up for potential franchise allocation included Faisalabad, Gilgit, Hyderabad, Muzaffarabad, Rawalpindi and Sialkot.
The present PSL groups embody Lahore Qalandars, Islamabad United, Peshawar Zalmi, Quetta Gladiators, Karachi Kings and Multan Sultans.
Bidders for the 2 new groups have been FKS, OZ Builders, Purpose Subsequent inc, Deharki Sugar Mills, Inverex Photo voltaic, i2c, Jazz, Prism Builders, VGO TEL, and Walee Pakistan.
Commentator and former Pakistan cricket crew captain Wasim Akram hosted the public sale as PSL CEO Salman Naseer joined him on stage.
“Ten years of PSL have led us to this second,” Naseer mentioned firstly of the public sale.
Akram coaxed the bidders to purchase reminding them that profitable a bid was extra than simply possession; it was the power to design new logos, kits, work together with gamers and way more.
Forward of bidding course of, Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi awarded a money prize of Rs 90 million to the crew that received the Rising Star Asia Cup.
The crew that received the Hong Kong Sixes title was additionally awarded a money prize of Rs 18.5m.
The bidding deadline was prolonged a number of occasions — initially from December 15 to December 22, and additional to December 24 — amid rising curiosity from traders in Europe, the US, the Center East and past, following promotional roadshows in London and New York.
Ex-Multan Sultans proprietor Ali Tareen pulls out of public sale
Earlier within the day, ex-Multan Sultans proprietor Ali Tareen introduced on social media that he and his household wouldn’t be collaborating within the PSL public sale.
“Our time with Multan Sultans was by no means nearly proudly owning a cricket crew. It was about south Punjab,” he wrote in a put up on X.
“[It was] about giving a voice to a area that had been neglected for too lengthy. That is what drove every little thing we constructed.”
Tareen added that if he have been to return to the league, it must be for a similar cause, stating that south Punjab “is the place my coronary heart is”.
“This yr, I will be within the stands. Cheering for gamers on and celebrating with the followers. And when the Multan crew is being bought, we’ll be prepared,” he wrote.
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