Seven companies offer bid for Pakistan Super League franchises

Technical bids for Pakistan Super League franchises of interested parties were opened at the Pakistan Cricket Board headquarters on Wednesday in Lahore where seven companies participated in the bidding process. The franchises rights of Karachi, Lahore, Peshawar, Islamabad and Quetta are being offered for a period of ten years. Only seven parties presented formal proposals after a number of companies bought the bidding documents which include companies from the Middle East as well.

  

The companies Mobilink, Haier, ARY Media Group, Omar Associates, Arif Habib Group as well as two overseas companies including UAE’s Venture Capital and Qatar’s Premier Oil Company QALCO are in the race officially according to the news. A PSL official said that we are happy that bidding fight of PSL franchises has been participated by seven credible companies who has strong and clean backgrounds. PSL Governing Council has accepted all seven technical bids and financial bids will be opened on Thursday.

The official added that it is pleasing for us that six out of seven parties have submitted bids for all franchises while only Arif Habib Group is interested for Karachi which shows that people are interested in what PSL has to offer. It is still to see that whether the reserved price has been met by any of the bidders when the financial bids open.

 

The official explained that we will hold an auction between all seven parties if none of them meet the price and if the reserved price for a certain franchise is offered by more than one party then there will be rebidding between them and the highest bidder will be given the right. The PSL will be held from February 4-24 in Dubai and Sharjah with likes of Chris Gayle, Kevin Pietersen, Kieron Pollard, Shane Watson, Lasith Malinga, Dawyne Bravo, Angelo Mathews and others participating in the event.