LAHORE: Pakistan Cricket Board chairman Mohsin Naqvi announced prize money for PSL franchise owners on X, the board’s social media account.
He said franchise owners will receive rewards alongside the winning teams.
The owner of the PSL champion team will get $500,000.
The owner of the runners-up will get $300,000.
An additional $200,000 prize will go to the franchise owner who does the most for cricket development.
Naqvi said the measures will help take Pakistan cricket to new heights.
He added that the $500,000 awarded to the winning team may be increased.
Team prize money will still be shared among players, support staff and other stakeholders.
But Naqvi clarified that the newly announced $500,000, $300,000 and $200,000 awards are payable only to franchise owners.
It is pertinent to mention here that the Pakistan Cricket Board (PCB) has formally initiated the process to add two new teams to the Pakistan Super League (PSL), indicating an important initiative toward the league’s long-anticipated expansion.
The development was announced on Wednesday as officials confirmed that bidding for the 7th and 8th franchises is now open.
Furthermore, the PCB Chairman Mohsin Naqvi, said the league is entering an exciting new phase. He stated that the PSL is “going to be bigger and even better,” focusing on that the inclusion of new teams reflects the league’s growing popularity and commercial potential. Naqvi added that the long-held dream of expanding the PSL is “finally coming true,” mentioning the board’s confidence in the league’s continued success.
Moreover, the announcement comes as the PCB looks to strengthen the PSL’s brand value, broaden its fan base, and create new opportunities for regional representation in the tournament.
The addition of two more teams is expected to increase competition, increase viewership, and attract greater investment into Pakistan’s domestic cricket structure.
In this sense, the official PSL also confirmed the expansion move, calling it “the beginning of a new era.”
