Bidding process of PSL completed

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The bidding process of Pakistan Super League franchises have been completed as Karachi team was sold on the highest bid of $2.6 million.

As per details, seven companies international and national took part in the bidding process as Karachi was sold on the highest bid followed by Lahore costing around $2.4, Peshawar $1.6, $1.5 for Islamabad and $1.1 for Quetta.

Karachi team bought by ARY media group, Islamabad team bought by UAE’s Venture Capital, Lahore team bought by Qatar’s Premier Oil Company QALCO, Peshawar bought by Haier and  Quetta team bought by Omar Associates.