LAHORE: The Pakistan Cricket Board (PCB) has obtained 12 bids for the 2 new Pakistan Tremendous League (PSL) franchises, inside the stipulated deadline, the cricket board introduced on Wednesday.
The PCB, in a press release, mentioned it obtained an “distinctive and inspiring response” to the tender issued for the sale of two new PSL groups as 12 events formally submitted their bids.
The cricket board shared that buyers from america of America (USA), Australia, Canada, the United Arab Emirates (UAE) and Pakistan expressed their curiosity in buying the franchises up on the market, depicting the marquee league’s world recognition and industrial enchantment.
The PCB additional introduced that the “outcomes” of the preliminary part of the bidding course of can be introduced on December 27, which is able to decide the events technically certified to buy the 2 new groups by way of an open public sale, set to be held on January 8.
“The outcomes of this part of the bidding course of can be introduced on 27 December. Within the subsequent stage, technically certified bidders can be given the chance to buy the 2 new groups by way of an open competitors bidding course of,” the assertion continued.
“This stage can be held on 8 January on the Islamabad Conference Centre. The Pakistan Cricket Board is dedicated to finishing this course of in a clear and aggressive method in keeping with worldwide requirements, to make sure the continued enlargement and progress of the Pakistan Tremendous League.”
It’s pertinent to say that the PSL, which started in 2016 with 5 franchises and later expanded to 6 sides in 2018, is ready for additional enlargement with the addition of two new groups from its upcoming eleventh version, set to be performed subsequent yr.
With the upcoming additions, the PSL will bear its first main restructuring in seven years, bringing the whole variety of franchises to eight.
