&imwidth=800&imheight=600&format=webp&quality=medium "PSL Expansion: New Hyderabad & Sialkot teams cost less than IPL 2026’s top 9 players combined")
The Pakistan Super League (PSL) has expanded to eight teams after addition of Hyderabad and Sialkot as the two new franchises on Thursday (Jan 8). The new teams will take part in the PSL 2026. Former Multan Sultans owner Ali Tareen was also expected to bid for one of the team but pulled out at the last minute. The two franchise were sold for a combined total of US $ 12.75 million (INR 115 crore approx) - less than the money spent to buy top 9 players at the recently concluded IPL 2026 auction.
Two new PSL franchises sold for less top 9 IPL 2026 buys
The two new PSL franchises, Hyderabad and Sialkot, were sold for US $6.2 million (Pakistan Rupees 175 crore) and US $6.55 million (Pakistan Rupees 185 crore), respectively. The price of two franchise in Indian Rupees stand at 55.57 crore for Hyderabad and 58.38 crore for Sialkot. For comparison, below are the price tags of top 9 players sold at the IPL 2026 auction:
Cameron Green: ₹25.20 crore (KKR)
Matheesha Pathirana: ₹18.00 crore (KKR)
Prashant Veer: ₹14.20 crore (CSK)
Kartik Sharma: ₹14.20 crore (CSK)
Liam Livingstone: ₹13.00 crore (SRH)
Mustafizur Rahman: ₹9.20 crore (KKR)
Josh Inglis: ₹8.60 crore (LSG)
Shahrukh Khan: ₹8.00 crore (MI)
Riyan Parag: ₹7.80 crore (RR)
The price of top 9 players in IPL 2026 auction was INR 118.2 crore - nearly INR 3 crore more than the price of two new PSL franchises.
Who owns the two new PSL franchises?
Trending Stories
)
US-Iran War: Trump ready to bomb Tehran, deploys B-1 bomber, envoys flee city
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Union minister Ravneet Bittu resigns from cabinet; President Murmu accepts resignation
)
India to test fire three Kusha long-range surface-to-air missiles | Gravitas
)
Delhi NEET protests: How Bluetooth mesh apps kept communication alive without internet
)
‘Dharmendra Pradhan won’t resign’? CJP leader warns of tougher decisions
)
He predicted COVID-19 and 2008 economic crisis, was labeled fearmonger. Now he has another dire warning
&im=FitAndFill=(700,400))
Jennifer Winget and William Ishmael's dreamy UK intimate wedding: See inside photos
)
'Unlike his father': US intelligence flags Iran's new leader's ‘nuclear ambitions’
)
Scientists decode rare metal that allows China's radar satellite to spy over Asia Pacific
)
'Trust Trump, he understands Saudi psychology': Stephen Miller defends surprise Israel condition in US-Saudi nuclear deal
)
Why more than 75,000 people watched a record Qantas flight on Flightradar24 Friday?
)
Russian strike on Kyiv drone expo kills 10, injures around 100. This is what we know
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
)
US-Iran war | Trump: Iran is taking negotiations more seriously than before
)
Russia-Ukraine War: Russia unleashes 28000 tonne nuclear giant ship
)
Accidental overdose: UK inquest rules out foul play in Saudi Prince’s London death
)
Trump’s $100,000 H-1B visa fee stays blocked after appeals court ruling. All you need to know
)
Karim Khan ousted as ICC prosecutor over alleged sexual offence case. Details inside
)
All 28 Indian crew members safe after LPG tanker attacked in Iranian waters: Indian Embassy in Tehran
)
'George Soros playbook': Understanding the foreign funding network around Sonam Wangchuk
)
‘If they had nuclear weapon, there might not be a Middle East today’: Trump’s fresh jibe at Iran
&im=FitAndFill=(700,400))
New Friday OTT releases (July 24, 2026): Musafir Cafe, Adarsh Baal Vidyalaya, Pallichattambi- Watch these 6 titles on Netflix, Prime Video and more
&im=FitAndFill=(700,400))
Why the S-400 fires its missiles straight up into the air
)
Mysterious rope leads plumber to find gold worth Rs 23 crore in old Vienna villa
)
Russia-Ukraine war: Zelensky warns of new Russian strikes within 48 hours
)
Commonwealth Games 2026 Day 3: India's full schedule, medal events and match timings
)
Iran flew IRGC men, advisers and military gear to Yemen, bolstered Houthis for Red Sea blockade: Sources
&im=FitAndFill=(700,400))
Why US fighter jets use seamless bubble canopies compared to Russian jets
)
'Shame on a country that...': Sonam Wangchuk slams haters, rejects 'deal' claims after ending 26 day fast | WATCH
)
Pakistan army chief used private oil venture to keep Iran attacks off Saudi Arabia: Report
)
‘Stole the show’: Young man’s uncanny imitation of Trump leaves internet stunned | WATCH
)
Russia-Ukraine war: Russia activates nuclear beast Admiral Nakhimov amid war
&im=FitAndFill=(700,400))
Why the specialized paint on an S-400 costs thousands of dollars per truck
OZ Developers own the Sialkot franchise after successfully winning the bid while FSK developers are the owners of Hyderabad franchise in PSL.
What is drama around Ali Tareen?
Multan Sultan' former owner Ali Tareen had a fallout with the Pakistan Cricket Board (PCB) and no longer owns a franchise in PSL. He was expected to bid for one of the two new franchises but pulled out at the last moment with a post on X which read: :If I come back to PSL, it has to be for the same reason. 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."
