The Pakistan Cricket Board (PCB) is set to expand the Pakistan Super League (PSL) by introducing two new teams, with plans to implement the expansion by 2026

PCB Plans PSL Expansion in 2026 with Two New Teams

The Pakistan Cricket Board (PCB) is facing financial challenges but aims to boost revenue by expanding the Pakistan Super League (PSL) in 2026. Two new teams are expected to be introduced, with potential sale prices ranging between $7 million (PKR 195 crore) and $10 million each. The PCB seeks to capitalize on the league’s rising popularity and market value.

Currently, the PSL comprises six franchises, operating under an agreement set for renewal after the league’s 10th season, as reported by The Express Tribune Pakistan.

India’s Perspective on PSL Franchise Valuation

From an Indian standpoint, $7 million translates to approximately ₹195.95 crore PKR or around ₹60 crore INR. In contrast, an Indian Premier League (IPL) franchise is significantly more valuable. For instance, in 2021, the Gujarat Titans were acquired for ₹5,625 crore—making a PSL franchise nearly 90 times less expensive than an IPL team.

Franchise Fee Adjustments

The PCB is preparing to revise franchise fees. Existing team owners will have the option to retain or relinquish their rights, but all current franchises have expressed interest in continuing. An independent audit firm will reassess the PSL’s market value to determine updated fees. Previously, team payments were based on an exchange rate of PKR 170 per dollar, but with the Pakistani rupee now at PKR 282 per dollar, adjustments are inevitable.

Financial Outlook and New Opportunities

The Multan Sultans, PSL’s most expensive team, currently pays PKR 1.08 billion (about $6.3 million) annually. Other teams were acquired for amounts ranging from $1.1 million to $2.6 million. With the addition of two new franchises, the PCB expects to sell each for up to PKR 2.5 billion (approximately $10 million).

Several investors, including a leading corporate entity in Pakistan and a Grade Two cricket institution, have expressed interest in securing a franchise. The PCB has also engaged with potential buyers from the United States and the United Kingdom.

Challenges and Future Steps

While the expansion is generating excitement, existing franchise owners have concerns about a possible decline in their share of central revenue. Currently, all teams receive equal portions of the league’s central earnings, regardless of their franchise fees. The PCB has reassured teams that upcoming sponsorship and broadcasting deals will enhance overall revenue.

Some analysts remain skeptical about the financial sustainability of new franchises, citing past struggles faced by team owners. For example, Multan Sultans suffered heavy losses, and in 2018, its previous owner, Schon Group, withdrew due to financial difficulties. Experts suggest that the PCB prioritize financially stable buyers to avoid similar setbacks.

With increasing investor interest and a thriving broadcasting market, the PCB is working toward finalizing the expansion before PSL’s 11th season in 2026.