PSL 2026: Sialkot Stallions and Hyderabad Heroes Join the Cricketing Frenzy!

A consortium from the real estate sector and a U.S.-based aviation and healthcare conglomerate successfully secured the bids for two new franchises in the Pakistan Super League (PSL) for a total of $12.75 million on Thursday.

OZ Developers acquired the Sialkot franchise for 1.85 billion rupees ($6.55 million) at the auction.

Meanwhile, the FKS Group from the United States selected Hyderabad as its franchise, securing the bid for 1.75 billion rupees ($6.2 million).

With the addition of these new teams, the PSL will feature eight teams for the upcoming season, which kicks off on March 26.

The Multan Sultans will be managed by the Pakistan Cricket Board this year. The team will be put up for sale after the PSL concludes in April. The former owner of Multan, Ali Tareen, had the opportunity to bid for the two new franchises but chose not to participate, withdrawing from a group of 10 approved bidders on the day of the auction.

“If I return to the PSL, it has to be for the same reason,” Tareen shared on X before the auction. “South Punjab is where my heart is. It is home. When the Multan team is being sold, we’ll be ready. Wishing all the bidders the best.”

Published on January 8, 2026.