PCB extends deadline to submit bids for two new PSL teams

The Pakistan Cricket Board has extended the deadline for investors to bid on two new Pakistan Super League teams by one week to December 22, with growing interest from international investors in the US, UK, and Gulf countries. The PCB is also conducting promotional roadshows in New York and London to attract potential buyers.

PCB Chairman Mohsin Naqvi announced the deadline extension from the original date of December 15.



"The growing interest of foreign investors in the PSL is encouraging and we are waiting to welcome the owners of the two new franchises soon," Naqvi said.

The New York roadshow is scheduled for today with Pakistan team members and Test captain Shan Masood set to attend.

The PCB previously held a roadshow at Lord's cricket ground in London last Sunday, which they deemed highly successful.

Former captains Ramiz Raja and Wasim Akram attended the London event and are expected to be present at the New York roadshow.

Questions have emerged in cricket circles regarding the costs of these international roadshows and the rationale behind extending the bidding deadline.

There are also inquiries about whether Raja and Akram are providing their services free of charge for these promotional events.

While not officially announced, the PCB has reportedly set a reserve price of 130 crores PKR (approximately 470,000 USD) for each new team.

The growing international interest from the United States, UK, and Gulf Countries in the new PSL teams has been described as encouraging by the board.

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