PCB announces shortlist of six cities for two new PSL teams

The two new franchise teams of the Pakistan Super League (PSL) will be named from among Hyderabad, Rawalpindi, Faisalabad, Gilgit, Muzaffarabad and Sialkot, the country’s cricket board announced on Friday. The list was finalised after the valuation reports for the two new teams were received by the Pakistan Cricket Board (PCB), the board said in a press release, adding that the tender process for the sale of ownership rights “will be formally initiated shortly”. The PCB also confirmed that the independent valuation process for the existing PSL franchises and other commercial assets has been completed.