The HBL Pakistan Super League has officially confirmed that the auction for the two new PSL 11 franchise teams will take place on 6 January 2026. PCB has also revealed the list of six shortlisted cities being considered for PSL expansion. These include Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit. Qualified bidders will be able to choose from these cities during the auction process. With PSL now entering a new era of growth, fans are eagerly waiting to see which two cities will officially become part of PSL 2026.
See Here: Psl 11 retained Players
⭐ Why PSL Is Expanding in 2026
PSL has become one of the fastest-growing T20 leagues in the world. Adding two new teams is a strategic move aimed at:
- Increasing tournament size
- Bringing PSL to new regions
- Boosting viewership and sponsorship
- Generating more revenue for PCB
- Creating more cricketing opportunities for young talent
The expansion has been under discussion for years, and PSL 11 (2026) is finally the season where the dream becomes reality.
See Here: PSL 2026 Full Schedule & Fixtures
⭐ Shortlisted Cities for PSL 11 New Franchises
PCB has shortlisted six potential cities for the two new PSL teams:
1. Faisalabad
A cricket-loving city with a massive fan base and strong domestic cricket history.
2. Rawalpindi
Home to a major stadium and a growing corporate market.
3. Hyderabad
A large population and passionate cricket following.
4. Sialkot
Globally famous for sports manufacturing with a strong identity.
5. Muzaffarabad (AJK)
A popular option due to fan demand since Kashmir has long been proposed as a PSL team.
6. Gilgit
A unique northern region that adds diversity and nationwide representation.
The final selection will depend on financial bidding, stadium readiness, and the strength of franchise proposals.
See Here: PSL Venues & Stadiums
⭐ PSL 11 New Teams Auction Date
According to PCB’s official announcement, the auction for the new PSL franchises will be held on:
📅 6 January 2026 (Confirmed Date)
This date gives new owners enough time to:
- Finalize team branding
- Build squads
- Enter the PSL 11 Player Draft
- Prepare marketing campaigns
- Appoint coaching staff
⭐ Expected Franchise Cost for New Teams
While PCB will announce the official price soon, past financial documents and media reports suggest the base price may fall between:
💰 USD $3 million to $8 million per year
Final price will depend on:
- City popularity
- Business potential
- Advertiser interest
- Stadium capacity
The addition of new teams is expected to sharply increase PSL’s commercial value.
⭐ How the PSL 11 Franchise Auction Works
The auction process will follow these major steps:
1. Expression of Interest (EOI)
Companies submit applications to participate in bidding.
2. Technical & Financial Evaluation
PCB reviews each bidder’s financial capability, background, and business plan.
3. Final Auction Day – 6 January 2026
Qualified bidders will pick one of the six shortlisted cities and submit their final bid.
The two highest bidders will win the new PSL franchises.
4. Team Naming & Branding
Owners will choose team names, colors, and logos.
5. Participation in PSL 11 Draft
The new teams will enter the draft with priority picks to help them assemble a competitive squad.
⭐ Will New Teams Participate in PSL 11 Draft?
Yes — the new teams will officially join the PSL 11 Draft 2026.
They are likely to receive:
- Priority picks in the first round
- Equal salary cap as other teams
- More freedom to select foreign players
- Additional time for squad formation
This ensures competitive balance for their debut season.
⭐ Latest PSL Expansion News
Here are the major updates so far:
- Auction date confirmed: 6 January 2026
- Six shortlisted cities announced
- Qualified bidders have been contacted
- Two franchises will officially join PSL 11
- Full confirmation expected before PSL Draft
Fans can expect another official PCB announcement soon regarding team names and auction broadcast details.