The Chairman of the Pakistan Cricket Board (PCB), Mohsin Naqvi, has issued a firm directive to the board’s management to finalize the new Pakistan Super League (PSL) franchise agreements as soon as possible, signaling a crucial phase for the league’s future.
This move comes as the preparations for new contracts enter their final stages, with the original 10-year agreements nearing their expiration.
In a key meeting regarding this transition, representatives from the chartered firm assigned to evaluate the PSL’s market value presented their findings to the PCB Chairman. The meeting was also attended by PSL Chief Executive Officer Salman Naseer and COO Sameer Syed.
After receiving the valuation report, Mr. Naqvi raised several questions and instructed the firm to hold meetings with all franchises. He emphasized that the new franchise agreements would be determined based on this updated valuation.
This process is vital as the contracts for the original six franchises are set to expire in December. The league is also preparing for a significant expansion, with the number of teams increasing to eight. According to the PCB, new contracts will only be extended to “eligible” franchises.
