Pakistan Super League reaches its 11th season in 2026. The tournament runs from 26 March 2026 to 3 May 2026, as confirmed by the Pakistan Cricket Board (PCB).
PSL grows bigger this year. The league now features 8 teams after successfully adding Hyderabad and Sialkot through a high-stakes franchise auction.
Teams build their squads for the first time through a live player auction instead of the old draft system. This change brings more excitement and open bidding.
The Multan-Rawalpindi-Sialkot situation evolved quickly:
- New owners bought the original Multan Sultans franchise, shifted it to Rawalpindi, and rebranded it as Pindiz.
- The fresh Sialkot Stallionz franchise later changed its name to Multan Sultans, bringing the popular Multan identity back through the new slot.
Table of Contents
- PSL 11 (2026) at a Glance
- How Many Teams Play in PSL 11 (2026)?
- PSL 11 Teams 2026 – Owners and Prices (Quick Table)
- Complete Team-by-Team Breakdown
- Islamabad United
- Lahore Qalandars
- Karachi Kings
- Peshawar Zalmi
- Quetta Gladiators
- Hyderabad Kingsmen (New Franchise)
- Pindiz (Rawalpindi – New Identity)
- Multan Sultans (Returned via Sialkot Rebrand)
- Understanding Franchise Prices in PSL
- Major Changes in PSL 11 Compared to Past Seasons
- Frequently Asked Questions (FAQs)
- Sources & References
PSL 11 (2026) at a Glance
The Pakistan Cricket Board schedules HBL PSL 11 from 26 March to 3 May 2026. This edition marks a bold new chapter for the league.
PSL expands to 8 franchises and shifts squad-building to a transparent player auction model. Fans and experts call this the start of a more competitive and commercially stronger era.
How Many Teams Play in PSL 11 (2026)?
People often confuse the name “PSL 11 Teams 2026.”
PSL 11 simply means the 11th season — not 11 teams.
The league now includes 8 strong franchises. PCB added Hyderabad and Sialkot after a competitive new-teams auction earlier in 2026.
PSL 11 Teams 2026 – Owners and Prices (Quick Table)
Important note on pricing: The figures below show franchise rights fees and valuations from auctions and renewals. They do not represent player spending budgets. Existing teams renewed their deals using a special formula that combines their previous fee with a share of updated valuations.
| Team (PSL 11 2026) | Home City | Owner / Group | Latest Confirmed Fee / Valuation (PKR) |
|---|---|---|---|
| Islamabad United | Islamabad | Ali Naqvi & Amna Naqvi (renewed) | Valuation ~860 million; annual ~470 million |
| Lahore Qalandars | Lahore | Atif Rana & Sameen Rana (renewed) | Annual renewal ~670 million |
| Karachi Kings | Karachi | Salman Iqbal (renewed) | Annual renewal ~640 million |
| Peshawar Zalmi | Peshawar | Javed Afridi (renewed) | Annual renewal ~500 million |
| Quetta Gladiators | Quetta | Nadeem Omar (renewed) | Annual renewal ~360 million |
| Hyderabad Kingsmen (New) | Hyderabad | FKS Group led by Fawad Sarwar | Auction win: 1.75 billion |
| Pindiz (Rawalpindi) | Rawalpindi | Walee Technologies | Record acquisition: 2.45 billion |
| Multan Sultans (Rebranded) | Multan | CD Ventures (CEO Gohar Shah) | Annual fee raised to 2.0 billion |
Complete Team-by-Team Breakdown
Islamabad United
Owners: Ali Naqvi and Amna Naqvi successfully renewed the franchise for another decade. PCB officially recognizes their continued leadership.
2026 Valuation and Fee: Reports place the team’s market value near PKR 860 million, with annual payments around PKR 470 million under the renewal structure.
Key Squad Moves in Auction Era:
- Faheem Ashraf became the very first player sold in PSL auction history and joined Islamabad United for PKR 8.5 crore.
- The side retained star all-rounder Shadab Khan and completed a direct signing with Devon Conway.
What’s Fresh for PSL 11: Islamabad United enters as a proven champion side (with multiple titles) and adapts quickly to the new auction system.
Lahore Qalandars
Owners: Atif Rana and Sameen Rana secured renewal for the next ten years.
2026 Valuation and Fee: The franchise holds a strong valuation near PKR 980 million and pays an annual fee around PKR 670 million.
Key Squad Moves:
- Lahore retained explosive bowler Shaheen Shah Afridi.
- They made strong auction picks, including Fakhar Zaman and Haris Rauf.
What’s Fresh for PSL 11: Lahore continues its recent success and benefits from PCB’s clear branding as HBL PSL 11.
Karachi Kings
Owners: Salman Iqbal leads the ownership group and renewed the franchise rights for another decade.
2026 Valuation and Fee: Annual renewal fee stands around PKR 640 million.
Key Squad Moves:
- David Warner returned to the Kings for approximately PKR 7.9 crore.
- The team also added Salman Ali Agha and Adam Zampa in notable deals.
- Official updates show David Warner captaining the side.
What’s Fresh for PSL 11: Karachi assembles a star-studded lineup suited for the auction era while maintaining ownership stability.
Peshawar Zalmi
Owners: Javed Afridi renewed ownership for the next ten years.
2026 Valuation and Fee: Market value hovers around PKR 870 million with annual fees near PKR 500 million.
Key Squad Moves:
- Peshawar retained Babar Azam as a cornerstone player.
- They secured overseas talents including Michael Bracewell and Kusal Mendis.
Important Venue Update: Arbab Niaz Stadium will not host matches this season because preparations remain incomplete.
Quetta Gladiators
Owners: Nadeem Omar extended the partnership for another decade.
2026 Valuation and Fee: Annual payments sit in the region of PKR 360 million following valuation adjustments.
Key Squad Moves:
- Quetta brought back powerful batter Rilee Rossouw.
- Khawaja Mohammad Nafay attracted significant attention during the auction.
What’s Fresh for PSL 11: Quetta joins the expanded 8-team league with steady ownership and renewed energy.
Hyderabad Kingsmen (New Franchise)
How They Joined: US-based FKS Group, led by Fawad Sarwar, won the bidding for the seventh team with a PKR 1.75 billion offer and selected Hyderabad as the base.
Head Coach: Reports confirm Jason Gillespie takes charge and embraces the Kingsmen identity.
Squad Building: Hyderabad finalized its roster with players such as Mohammad Ali and Kusal Perera through the auction process.
Opening Match Note: Lahore Qalandars face Hyderabad Kingsmen in the tournament opener on 26 March 2026 in Lahore.
Pindiz (Rawalpindi – New Identity)
This franchise created the biggest buzz due to rapid changes. Here’s the clear timeline:
Step 1 (9 Feb 2026): New owners acquired the former Multan Sultans for a record PKR 2.45 billion annual fee and announced the shift to Rawalpindi.
Step 2 (23 Feb 2026): The team officially adopted the bold name Pindiz, linked directly to Walee Technologies.
Business Impact: Analysts connect this high valuation to PSL’s rising commercial value, including media rights growth.
Squad Note: Early auction lists referred to the team as Rawalpindi before the final Pindiz branding.
Multan Sultans (Returned via Sialkot Rebrand)
Latest Development (3–4 March 2026):
- New owners from CD Ventures took over the Sialkot Stallionz franchise and successfully rebranded it as Multan Sultans.
- They increased the annual fee to PKR 2 billion and paid the required name-change costs.
- PCB and media outlets, including Dawn and Business Recorder, confirmed the move with Gohar Shah (CD Ventures) involved.
Why It Matters: Multan returns to PSL representation in South Punjab without reversing the Pindiz shift.
Squad Note: Players originally selected under the Sialkot label now form the core of the 2026 Multan Sultans.
Understanding Franchise Prices in PSL
When you read figures like PKR 640 million or 2.45 billion, remember these represent franchise rights fees that owners commit to pay — usually spread across several years.
Existing teams enjoy a renewal formula: they pay their old fee plus 25% of the new higher valuation. This approach keeps original franchises affordable while new and re-auctioned slots command multi-billion rupee prices due to open bidding.
Major Changes in PSL 11 Compared to Past Seasons
- Expansion to 8 Teams
PCB officially welcomed Hyderabad and Sialkot after the January 2026 franchise auction. - Switch to Player Auction
For the first time, teams built squads through live bidding. The auction sold over 100 players, with standout salaries including big bids for Naseem Shah and others. - Branding Reshuffle in Multan-Rawalpindi Zone
- Original Multan slot moved to Rawalpindi and became Pindiz.
- Sialkot slot rebranded as Multan Sultans, restoring the beloved name.
Frequently Asked Questions (FAQs)
Is PSL 11 truly the 11th season?
Yes. PCB officially names the 2026 edition as the 11th season (HBL PSL 11) and confirms the 26 March–3 May window.
How many teams compete in PSL 2026?
Eight teams take part after PCB added Hyderabad and Sialkot through the new franchise auction.
Why do some older reports still mention Sialkot or Rawalpindi?
Early February auction documents used temporary names (Rawalpindi and Sialkot Stallionz). Rebranding happened later: Rawalpindi became Pindiz on 23 February, and Sialkot became Multan Sultans in early March.
When does the full PSL 11 schedule come out?
As of early March 2026, PCB leaders promised to release the complete fixture list within days.
For the latest PSL 11 news, live updates, and exclusive coverage, visit PSL Update Hub.
Sources & References
| Source Name | Description | Link |
|---|---|---|
| PSL Update Hub | Latest PSL 11 updates, squads, schedule & news | Visit PSL Update Hub |
| Official PSL Website | PCB official site for fixtures and announcements | psl-t20.com |
| ESPNcricinfo | Franchise sales, auction reports & valuations | ESPNcricinfo PSL Coverage |
| The Express Tribune | Auction highlights and player bidding details | tribune.com.pk |
| Dawn News | Ownership changes and rebranding stories | dawn.com |
1 thought on “PSL 11 Teams 2026 – Best & Ultimate Guide (Owners, Prices & Full Details)”