Inside minister calls bidding continuation of latest funding initiatives, saying it would generate Rs36b for PCB
Pakistan Cricket Board Chairman Mohsin Naqvi. SCREENGRAB
Inside Minister and Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Thursday unveiled the homeowners of the 2 newly auctioned HBL Pakistan Tremendous League (PSL) franchises, asserting that the profitable bidders are primarily based in the US and Australia.
Addressing a press convention following the bidding ceremony, alongside the US Chargé d’Affaires and the brand new franchise homeowners, Naqvi stated that 5 firms from the US had participated within the public sale, calling it an indication of rising worldwide confidence in Pakistan.
He described the bidding as a continuation of latest profitable funding initiatives, including that the method would generate Rs36 billion for the PCB. The funds, he stated, could be utilised for the promotion and improvement of cricket within the nation.
Naqvi introduced that Fawad Sarwar, who migrated to the US 26 years in the past, had acquired one of many franchises, whereas Hamza Majid of OZ Builders, primarily based in Australia, secured the opposite. He stated the prime minister and the sector marshal had been happy with the result of the bidding and expressed satisfaction that substantial funding would now be directed in the direction of sports activities improvement.
US Chargé d’Affaires Natalie Baker stated she was happy to attend the occasion because the American consultant in Pakistan. She welcomed the participation of US firms, noting that their funding would assist strengthen commerce relations between Pakistan and the US. She additionally congratulated Hamza Majid on buying a franchise.
Talking on the event, Sarwar termed the acquisition the fulfilment of a childhood dream. He thanked his crew and stated the funding would contribute to strengthening ties between the 2 international locations.
In the meantime, Majid stated cricket runs of their blood and highlighted the significance of Sialkot securing a crew. He added that his group would intention to win HBL PSL 11.
Earlier, addressing the ceremony after the conclusion of the bidding, Naqvi described the day as a historic second for the PSL. He stated investor confidence in Pakistan was being restored and termed the profitable public sale a victory for cricket followers.
What a historic, heart-pounding day for Pakistan cricket!
HBL PSL New Groups Public sale has been nothing wanting spectacular – record-breaking bids, passionate traders, and two unbelievable new franchises becoming a member of our household!
FKS Group takes Hyderabad for PKR 17.5 billion, OZ…— Mohsin Naqvi (@MohsinnaqviC42) January 8, 2026
He congratulated the folks of Hyderabad and Sialkot, in addition to the brand new franchise homeowners, including that the HBL PSL was greater than only a match and was deeply linked with nationwide feelings. He assured full PCB help for the subsequent 10 years and pledged continued efforts to strengthen the league and cricket in Pakistan.
