NEW DELHI: The Pakistan Cricket Board (PCB) has extended the deadline for investors to submit bids for the two new Pakistan Super League (PSL) franchises by an additional two days.
Although an official announcement is still awaited, a reliable source confirmed that the revised deadline for initial submissions is now December 24.
"The last date for submitting initial bids is now extended by two days," he said.
This is the second time the PCB has extended the deadline. At last week's PSL roadshow in New York, PCB chairman Mohsin Naqvi had announced that the original deadline of December 15 was being pushed to December 22.
While the board has not provided an official reason for the latest extension, sources indicate that it remains unsatisfied with the technical bids received so far. The two new franchises are now set to be sold at a final auction scheduled for January 6.
Only bidders shortlisted after the initial technical evaluation will be eligible to participate in the final auction.
There have also been reports on social media that the PCB conducted roadshows in London and New York in an effort to attract stronger bids from foreign investors rather than domestic parties.
Meanwhile, the PCB is yet to offer clarity on the future of the Multan Sultans franchise after its previous owner, Ali Tareen, relinquished ownership following a dispute with the board.
Though not officially confirmed, the source said the PCB is considering running the Multan Sultans itself for the upcoming season, before re-tendering the franchise rights ahead of the league's 12th edition for a nine-year cycle.
(With PTI Inputs)
