{"id":523338,"date":"2026-01-02T06:22:54","date_gmt":"2026-01-02T01:22:54","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=523338"},"modified":"2026-01-02T06:22:54","modified_gmt":"2026-01-02T01:22:54","slug":"big-name-bidders-including-tareen-join-race-for-new-psl-franchises","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/big-name-bidders-including-tareen-join-race-for-new-psl-franchises\/","title":{"rendered":"Big-name bidders including Tareen join race for new PSL franchises"},"content":{"rendered":"<p> LAHORE<br \/>\nThe Pakistan Super League (PSL) is poised to expand from six to eight teams as the Pakistan Cricket Board (PCB) completes technical evaluations of proposals submitted by interested groups.<br \/>\nThe franchise auction is scheduled for January 8 at the Jinnah Convention Centre in Islamabad.<br \/>\nAmong the confirmed bidders is the Tareen Group, led by businessman Ali Khan Tareen.<br \/>\nTareen previously owned the Multan Sultans, a franchise he acquired in 2018 and helped transform into one of the PSL\u2019s most consistent performers, winning the title in 2021 and reaching multiple finals.<br \/>\nHowever, relations between Tareen and the PCB soured over renewal terms and governance issues. He was the only owner not offered a 10-year extension, and the dispute escalated after the PCB issued a legal notice over alleged contract breaches. In late 2025, Tareen announced his exit. With his departure effective at year\u2019s end, he is now eligible to bid for one of the new franchises.<br \/>\nInverex Group, one of Pakistan\u2019s leading renewable energy companies, has also applied for bidding rights.<br \/>\nIts entry signals growing corporate interest in PSL\u2019s expansion. Karachi-based VGO TEL, under CEO Naveed Gaba, has submitted its application as well.<br \/>\nThe OZ Group, chaired by Hamza Majeed, has formally entered the race, further intensifying competition.<br \/>\nMajeed has previously expressed his commitment to sports investment, making OZ Group a strong contender. Once successful bidders are confirmed, they will have the opportunity to select a home city from the PCB\u2019s approved list, which includes Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE The Pakistan Super League (PSL) is poised to expand from six to eight teams as the Pakistan Cricket Board (PCB) completes technical evaluations of proposals submitted by interested groups. The franchise auction is scheduled for January 8 at the Jinnah Convention Centre in Islamabad. Among the confirmed bidders is the Tareen Group, led by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":523360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-523338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big-name bidders including Tareen join race for new PSL franchises<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/big-name-bidders-including-tareen-join-race-for-new-psl-franchises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big-name bidders including Tareen join race for new PSL franchises\" \/>\n<meta property=\"og:description\" content=\"LAHORE The Pakistan Super League (PSL) is poised to expand from six to eight teams as the Pakistan Cricket Board (PCB) completes technical evaluations of proposals submitted by interested groups. The franchise auction is scheduled for January 8 at the Jinnah Convention Centre in Islamabad. Among the confirmed bidders is the Tareen Group, led by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/big-name-bidders-including-tareen-join-race-for-new-psl-franchises\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-02T01:22:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2026\/01\/642595_4611923_updates.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" 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