Current owners will have right to match new valuation to retain ownership, says Salman Naseer
\n lahore
\nPakistan Super League (PSL) Chief Executive Officer (CEO) Salman Naseer on Wednesday announced that an auction will take place for two new franchises in the 11th edition of the tournament.
\nDuring a press conference at the National Bank Stadium, Naseer stated: \u201cAn auction will be held for two new PSL franchises. Interested bidders will be offered a selection of city names to choose from for their team.\u201d
\nHe said that the current owners will have the right to match the valuation of new teams to retain the ownership of their respective teams.
\n\u201cWith the revaluation of the existing six PSL franchises nearing completion, current team owners will have the right to match the new valuations to retain ownership or opt out,\u201d Naseer added.
\nHe said that under their existing agreements, the team owners will have the first right of renewal for the next 10 editions based on that valuation.
\n\u201cAfter that, if any franchise chooses not to renew, those team rights will be offered through an open process, allowing new investors to participate under the updated structure.\u201d
\nResponding to a query on Multan Sultans owner Ali Tareen, who recently criticised the Pakistan Cricket Board (PCB) and tore up the legal notice he received from the board, Naseer said that PSL-related issues should be resolved \u201cbehind closed doors,\u201d.
\n\u201cYou want me to do the same thing they\u2019re doing, to tarnish the reputation of this league. I can\u2019t do that. If this matter is to be discussed, it will be done in the boardroom, legally, and if it\u2019s to be resolved, it will happen behind closed doors. Saying anything more would only add fuel to the fire,\u201d Naseer said while responding to a question.
\nIn an uploaded viral video, Tareen had openly lashed out at the PCB \u201cover a mediocre mindset\u201d. A few days after the video was posted on X, the Multan Sultans owner proposed key reforms aimed at improving the league\u2019s governance, transparency, and long-term sustainability.
\nIn a detailed statement, the franchise acknowledged recent tensions with the cricket board but offered rebuilding trust and putting a professional system in place to elevate the tournament.<\/p>\n","protected":false},"excerpt":{"rendered":"
Current owners will have right to match new valuation to retain ownership, says Salman Naseer lahore Pakistan Super League (PSL) Chief Executive Officer (CEO) Salman Naseer on Wednesday announced that an auction will take place for two new franchises in the 11th edition of the tournament. During a press conference at the National Bank Stadium, […]<\/p>\n","protected":false},"author":2,"featured_media":511554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-511529","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n