PSL Welcomes Hyderabad, Sialkot; Pant, Iyer's IPL Salaries Nearly Identical | Quick Digest
The Pakistan Super League expanded with two new franchises, Hyderabad and Sialkot, joining for the 2026 season. Simultaneously, Indian stars Rishabh Pant and Shreyas Iyer secured almost identical, record-breaking salaries in the IPL 2025 auction.
PSL expands to eight teams with new Hyderabad and Sialkot franchises.
Hyderabad franchise acquired for PKR 1.75 billion by FKS Group.
Sialkot franchise bought by OZ Developers for PKR 1.85 billion.
Rishabh Pant becomes highest-paid IPL player at ₹27 crore for IPL 2025.
Shreyas Iyer secured ₹26.75 crore, making him second-highest paid for IPL 2025.
PSL new team auction took place on January 8, 2026.
The Pakistan Super League (PSL) has officially expanded its roster to eight teams for its upcoming 11th edition in 2026, with the inclusion of two new franchises: Hyderabad and Sialkot. The auction for these new teams took place on Thursday, January 8, 2026, marking a significant development for Pakistan's premier T20 league. The Hyderabad franchise was successfully acquired by FKS Group for a bid of PKR 1.75 billion, while OZ Developers secured the Sialkot team for PKR 1.85 billion. This expansion aims to broaden the league's reach and attract more cricketing talent to these cities.
In a parallel and financially striking development in Indian cricket, star players Rishabh Pant and Shreyas Iyer commanded nearly identical, record-breaking salaries in the lead-up to the Indian Premier League (IPL) 2025 season. Rishabh Pant was acquired by the Lucknow Super Giants (LSG) for an unprecedented ₹27 crore, making him the most expensive player in IPL history. Shortly before Pant's acquisition, Shreyas Iyer was secured by the Punjab Kings (PBKS) for a substantial ₹26.75 crore, briefly holding the title of the highest-paid player before being narrowly surpassed by Pant. The minute difference of just ₹0.25 crore between their salaries highlights the immense financial investment and demand for top Indian cricketing talent in the IPL. This news comes as a significant update for cricket enthusiasts, particularly in India, given the prominence of the IPL and the high-profile nature of the players involved.
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