Pakistan Super League marked a historic milestone on Thursday as the auction for two new franchises concluded in Islamabad, with Hyderabad sold for Rs175 crore and Sialkot fetching a record Rs185 crore. The high-profile auction, held at the Jinnah Convention Centre, has officially expanded the PSL from six to eight teams ahead of its 11th season in 2026.
The ceremony was attended by PCB chairman Mohsin Naqvi, federal ministers, senior cricket officials, former players and representatives of bidding groups. Proceedings formally began after Mohsin Naqvi rang the ceremonial bell, signalling the opening of the auction, while former Pakistan captain Wasim Akram performed duties as the auctioneer.