The HBL Pakistan Super League (PSL) will expand in 2026 by adding two new teams, each worth between $7 million and $10 million.
The Pakistan Cricket Board (PCB) aims to capitalize on the league’s growing popularity. Six franchises operate under a 10-year agreement that concludes after the 10th season.
The PCB plans to revise franchise fees before the expansion. Existing team owners can renew their rights or step away. Fortunately, all six current franchises intend to stay. An independent audit firm will evaluate the league’s worth to set new fees. Previously, the PCB fixed the exchange rate at Rs170 per dollar. With the rupee at Rs282 per dollar, fees will likely rise significantly.
The priciest team, Multan Sultans, pays Rs1.08 billion ($6.3 million) yearly. Other franchises range from $1.1 million to $2.6 million annually. The PCB expects to sell the two new teams for up to Rs2.5 billion ($10 million) each. Several groups have shown interest, including a major Pakistani corporation and a Grade Two cricket body. PCB officials also recently met potential investors in the US and UK.
Read: PSL Expansion to Eight Teams Planned for 2026
Existing franchise owners worry about their revenue share shrinking. All teams split the central revenue pool equally, regardless of their fees. However, the PCB promises new sponsorships and broadcasting deals will boost overall income. This should offset any losses from the HBL PSL expansion.
Some experts question the financial risks of adding teams. Multan Sultans, for instance, faced heavy losses despite a lower fee. In 2018, its original owner, Schon Group, withdrew due to money troubles. Analysts urge the PCB to choose financially strong buyers to ensure stability.
With growing investor interest and a strong broadcasting market, the PCB aims to finalize the expansion by 2026. The HBL PSL continues to thrive, and these changes could elevate its global standing. The board remains confident in the league’s long-term success.
