The auction process for the addition of two new teams to the Pakistan Super League has concluded, with Hyderabad and Sialkot officially confirmed as the league’s seventh and eighth franchises.
The Hyderabad franchise was secured by FKS Group for Rs1.75 billion, while OZ Developers acquired the Sialkot franchise for a record Rs1.85 billion, the highest price paid for a PSL team so far.
🚨 SOLD – the magic moment! 🔨
FKS with the successful bid for Team No. 7️⃣ of #HBLPSL 👏
📺 Watch LIVE on the PSL YouTube channel & the PCB Live app (UK region)
🔗 https://t.co/HNapgvqIg2 pic.twitter.com/k7TaOZrlfL— PakistanSuperLeague (@thePSLt20) January 8, 2026
Following the auction, FKS Group selected Hyderabad as its team name, while OZ Developers opted for Sialkot from the list of cities made available by the Pakistan Cricket Board (PCB).
FKS Group is a leading Southeast Asia–based conglomerate with major operations across food and agriculture, logistics, and real estate. Headquartered in Indonesia, the group has recently begun expanding into sports investments, and the acquisition of a PSL franchise marks its first entry into professional cricket ownership.
PKR 1️⃣8️⃣5️⃣ crores – A historic moment to witness!
Celebrations galore as OZ Group become a part of the #HBLPSL family
📺 Watch LIVE on the PSL YouTube channel & the PCB Live app (UK region)
🔗 https://t.co/HNapgvqaqu#NewEra pic.twitter.com/eo0ozr8ipk— PakistanSuperLeague (@thePSLt20) January 8, 2026
The bidding for the seventh team proved particularly competitive. In the opening round, FKS Group and I2C Group went head-to-head, with bidding starting at Rs1.10 billion before FKS eventually emerged victorious.
The contest for the eighth franchise unfolded in the second round, featuring OZ Developers and I2C Group. OZ Developers ultimately outbid competitors to secure the Sialkot team at the highest valuation in PSL auction history.
A total of nine business groups participated in the auction after former Multan Sultans owner Ali Tareen chose not to take part in the bidding process.
Speaking after the auction, PSL Chief Executive Officer Salman Naseer said the league continues to grow in strength and stature.
“We are not just surviving; we are moving forward,” Naseer said, adding that the PSL has achieved multiple milestones over the years. He credited franchise owners and sponsors for playing a central role in the league’s sustained success.
PCB officials also acknowledged the importance of fan support, stating that the passion and loyalty of supporters have been key to the PSL’s continued expansion.
The auction ceremony was held at Islamabad’s Jinnah Convention Centre, where the formal bidding process for the two new franchises took place.
Earlier in the ceremony, PCB Chairman Mohsin Naqvi awarded Rs90 million to the team that won the Rising Star Asia Cup, while the champions of the Hong Kong Sixes received a cash prize of Rs18.5 million.
With Hyderabad and Sialkot now officially added, the PSL enters a new phase of expansion, further strengthening its footprint across Pakistan’s major cricketing centres.
