An independent valuation conducted by EY MENA has confirmed a significant rise in the value of Pakistan Super League (PSL) franchises, validating the Pakistan Cricket Board’s (PCB) long-standing claims about the league’s growth since its launch in 2016, a period when Pakistan remained off-limits to most international cricket teams due to security concerns.
The assessment was carried out at the completion of the PSL’s tenth edition, marking the end of the original ten-year franchise agreements. After reviewing the findings, the PCB offered renewed contracts to five teams that met compliance requirements.
Exclusive
Lahore Qalandars Lead with 55 Percent Valuation Surge
Lahore Qalandars recorded the most notable increase in value among the six teams. According to sources, “the three-time champions Lahore Qalandars has the best rise in its value which is estimated at 55 per cent. This means Qalandars’s worth is approximately PKR 980 million (Approx USD 3.47 million) per year.”
The Qalandars will now pay “about PKR 670 million (approx. 2.37 million dollars) as an annual franchise fee for the next ten years.” The franchise was also the first to announce its renewal, followed by Peshawar Zalmi and Quetta Gladiators, with Karachi Kings confirming the next day.
Peshawar, Karachi and Quetta Show Strong Growth
Peshawar Zalmi also experienced a significant rise in valuation. Sources said, “Peshawar was evaluated at approximately PKR 870 million (approx USD 3.1 million), up from PKR 270 million (approx USD 956,000) in 2016.” Under the new agreement, “Zalmi will now pay PKR 500 million (approx USD 1.8 million).”
Karachi Kings entered the renewal process as the previously most expensive team at 2.6 million dollars per year. The latest assessment states, “the value of Kings has been set at just under PKR 800 million, meaning they have to pay PKR 640 million (approx 2.27 million dollars) per annum.”
Multan Sultans See Depreciation and Contract Dispute
Multan Sultans were the only franchise to experience a drop in valuation.
Multan Sultans have now been valued at approximately PKR 850 million (approx 3 million dollars). It means Sultans are the only franchise to see a depreciation in its value.
The PCB did not issue renewal documents to Multan after owner Ali Tareen publicly criticised the league’s operations. Tareen escalated tensions when he tore up a PCB suspension notice. According to the report, “Tareen has vowed to fight a legal battle in case PCB offer any other business house their ownership.”
