PCB Extends PSL Franchise Bidding Deadline

The Pakistan Cricket Board (PCB) has once again pushed back the deadline for bids on two new franchises of the Pakistan Super League (PSL), extending it by an additional two days due to a lack of interest from potential bidders.

New Bid Submission Date

As confirmed by a source from the PTI news agency, the new deadline for submitting initial bids is December 24. This marks the second postponement of the bidding process, which was initially set for December 15 and then moved to December 22.

Reasons Behind the Delay

While the PCB has not provided an official statement regarding this latest extension, it appears to stem from disappointing technical bids for the new teams. The final auction is scheduled for January 6 and will only be open to candidates who pass the evaluation stage.

PCB’s Efforts to Attract Investors

To address this issue, the PCB has engaged in aggressive marketing efforts, conducting roadshows in locations like London and New York. The board is actively seeking foreign investment opportunities, rather than solely depending on local buyers.

Uncertain Future for Multan Sultans

Amid these developments, the future of the Multan Sultans remains uncertain following the exit of former owner Ali Tareen due to a dispute with the board. Reports suggest that the PCB may take over management of the team for the upcoming season, with plans to re-tender management rights for a nine-year term before PSL 12.

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