PSL 11 Auction Results Hyderabad and Sialkot Join as New Teams

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The auction for the two new HBL PSL franchises has just concluded at the Jinnah Convention Centre in Islamabad. It was a historic day for Pakistan cricket as the league officially expanded from six to eight teams in a high-stakes, record-breaking bidding war.

Here is the breaking news result of the PSL 11 Auction held on January 8, 2026.

Official PSL 11 Auction Results

Franchise Rank	Winning Bidder	Owner	Home City	Winning Bid (PKR)
Team 7	FKS Group	Fawad Sarwar	Hyderabad	Rs. 1.75 Billion
Team 8	OZ Developers	Hamza Majeed	Sialkot	Rs. 1.85 Billion

Auction Highlights: A Record-Breaking Evening

The auction, conducted by the legendary Wasim Akram, saw aggressive bidding that comfortably exceeded the PCB’s base prices.

The Sialkot Record: OZ Developers made history by bidding Rs. 1.85 Billion for the Sialkot franchise, making it the most expensive team in PSL history in terms of annual franchise fees.
The Hyderabad Entry: FKS Group (a conglomerate with interests in agriculture and infrastructure) secured Hyderabad for Rs. 1.75 Billion, bringing a second team to the province of Sindh.
Corporate Battle: While 10 bidders were in the race, the final rounds turned into an intense duel between FKS, i2c, and OZ Developers. Interestingly, telecom giant Jazz and Inverex Solar remained silent during the final high-stakes bidding.

Expansion Comparison: Old vs. New

To understand the magnitude of today’s results, look at how the new teams compare to the existing “Big Six” in terms of annual fees.

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Team	Annual Fee (Approx.)
Sialkot (New)	Rs. 1.85 Billion
Hyderabad (New)	Rs. 1.75 Billion
Multan Sultans	Rs. 1.10 Billion (2018 value)
Lahore Qalandars	Rs. 670 Million
Karachi Kings	Rs. 370 Million

What Happens Next?

Team Branding: Owners will now work with the PCB to finalize official team names, logos, and kits.
The Draft: A special “Expansion Draft” or an adjusted Mega Draft is expected to take place soon to help the two new teams build their core squads.
Stadium Upgrades: Work is expected to accelerate on the Hyderabad Niaz Stadium and the Sialkot Jinnah Stadium to ensure they are ready to host home games for PSL 11.

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