Pakistan Super League Franchise Rights Sold for $93 Million USD

It has been a good day for Pakistan Cricket Board (PCB) and the governing  body of Pakistan Super League (PSL). PCB has announced that Pakistan Super League franchise rights have been sold for an amount of 93 Million USD. Earlier today, seven interested bidders for PSL T20 participated in the franchise bidding event.

An official statement from PCB on their official website disclosed the companies that have been awarded the franchise rights for a period of 10 years.

Quetta’s rights have been sold to Omar Associates. Salman Iqbal, CEO of ARY Group, has successfully bought the Karachi franchise. Rights for the Lahore franchise have been awarded to Qatar Oil. Islamabad’s franchise has been sold to Leonine Global Sports. Javed Afridi, CEO of Haier Group and a long-timer partner of Pakistan cricket, has won rights for the Peshawar franchise.

Pakistan Super League Franchise Rights Holders

Pakistan Super League Franchise Rights Holders
Pakistan Super League Franchise Rights Holders

PCB also announced that Pakistan’s largest bank – Habib Bank Limited will be title sponsor for the first 3 editions of PSL. This mean, PSL will be officially called HBL Pakistan Super League.

“I am delighted with these positive developments and this is a major achievement in our PSL journey. The best part is that all team owners are ardent cricket fans and their dedication will make this league a success. HBL’s association with Pakistan Super League is another indication of established brands partnering with the league,”

said Mr. Najam Sethi, Chairman PSL Governing Council.

The media rights for Pakistan Super League have been awarded to Sunset+Vine. Broadcasting rights within Pakistan have been given to PTV Sports and TEN Sports while Tech Front will look after global broadcast of PSL T20.

The inaugural edition of the HBL Pakistan Super League (PSL T20) will take place from 4th to 23rd February, 2016. The matches will be played at Dubai Cricket Stadium and Sharjah Cricket Stadium in the United Arab Emirates.

Imran Hunzai
Imran Hunzai is a cricket fanatic, blogger and founder of CricKnock. He contributes stories related to T20 Cricket and Pakistan Cricket Team.
http://imranhunzai.com
  • at first i thought it was just for the teams . it’s actually the whole cost of franchise + media rights