The Pakistan Cricket Board (PCB) has taken a significant step to ensure transparency and seriousness in the bidding process for the PSL new teams bidding, introducing a strict fee structure aimed at screening out non-serious applicants.

According to sources, the PCB has officially set the bidding fee for the two new Pakistan Super League franchises. Interested buyers will now be required to submit $200,000 as a refundable fee, along with an additional $20,000 non-refundable amount. Officials say this move is designed to ensure that only committed and financially capable parties participate in the process.

Sources revealed that several individuals and companies were previously submitting documents merely for self-promotion, despite having no genuine intention to purchase a team. With the updated mechanism, the board hopes to filter out such elements and engage only with potential investors who are truly serious about acquiring PSL’s new franchises.

The PCB will conduct a thorough evaluation of all submitted documents before moving forward with financial and legal proceedings. As interest continues to grow, insiders confirm that a large number of buyers are already preparing their proposals, reflecting the rising commercial value and global appeal of the PSL.

The last date to submit offers for the two new teams is December 15, after which the PCB will begin the next phase of the PSL new teams bidding process.