Lahore, Nov 14 (NationPress) The Pakistan Cricket Board (PCB) has identified six prospective cities for bidders eager to secure the rights to establish two new franchises in the Pakistan Super League (PSL) over the next decade.

During a recent discussion involving PSL CEO Salman Naseer and existing franchise representatives, the PCB disclosed that bidders will have the option to choose from Hyderabad, Sialkot, Faisalabad, Muzaffarabad, Gilgit, and Rawalpindi. The tendering process to obtain ownership of the new teams is set to commence shortly, with expectations for completion by next month.

After this phase, renewal offer letters detailing the new franchise fees for the upcoming 10 years have been formally distributed to all compliant PSL franchises, asking for their responses within the specified time frame.

To promote transparency and ensure understanding of valuations, the PCB has organized both group and individual meetings between franchise representatives and the independent valuer (EY MENA). These sessions will provide franchises the opportunity to scrutinize the valuation methods and raise any questions they might have,” stated the PCB.

The PCB further noted that the valuation reports for the two new PSL franchise teams have been received, and the tender process for their sale will be initiated soon.

Moreover, the PCB reiterated its commitment to fostering a fair, transparent, and mutually advantageous partnership with all PSL stakeholders, recognizing the league's significant role in enhancing the growth and international recognition of Pakistan cricket.

Despite these advancements, the meeting did not finalize the schedule for the 11th season of the PSL, which is anticipated to overlap once again with the Indian Premier League (IPL), as both tournaments are expected to occur between March and May of next year. This scheduling clash may present challenges for players and teams attempting to participate in both leagues.