Overview
- The Pakistan Cricket Board confirmed that the auction to award two new Pakistan Super League franchises will be held on January 6, 2026.
- Only bidders that meet the technical criteria will be invited to the auction under the terms of the published tender.
- The PCB issued the tender on November 15, with technical proposals due by December 15 at 11 a.m.
- The board rejected reports that new team names are already decided, stating winners will select from six shortlisted cities: Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad and Gilgit.
- Chairman Mohsin Naqvi announced additional rewards for PSL 2026 franchises of $500,000 for the champion, $300,000 for the runner-up and $200,000 for a cricket development award, separate from regular prize money.