The Pakistan Cricket Board (PCB) has raised the valuation of all six existing Pakistan Super League (PSL) franchises to nearly three times their previous prices, and has also set a hefty base price of Rs1.30 billion per year for each of the two new franchises, well-placed sources told Dawn.
The PCB has not yet issued an official statement about the revised valuations, diverging from the practice adopted at the league’s launch in 2016. However, some sources close to the development said the new prices represent an almost threefold increase. Unlike 2016, when franchise prices were quoted in US dollars, the board has now shifted all league-related financial dealings to Pakistani rupees.