PCB sets Rs 1.3 billion reserve price for two new PSL franchises

The Pakistan Cricket Board is looking to sell two new teams for the Pakistan Super League. Each team will cost 1.3 billion Pakistani rupees annually. The auction is set for January 8. Former owners of Multan Sultans have submitted bids. The PCB is guaranteeing franchises a minimum of 850 million Pakistani rupees from central revenue for five editions.