How much were the PSL franchises sold for and how do the owners earn from it?

The PSL started in 2016 with 5 teams and later in 2018 the sixth team was introduced. A lot of money is at stake with the the very exciting PSL. It is very intriguing to know how much were the PSL franchises sold for and who are their owners. The Planet Today has come up with the list of the PSL franchises owners and their bid price.

Also Check out : PSL 2019 Teams and Categories

Islamabad United

The team which has won two PSL trophies (2016 & 2018) and has the greatest number of players that have made it to the Pakistan playing 11 side. It not only has featured some strong international players in the first 3 seasons like Andre Russell, Alex Hales, Sam Billings and JP Duminy but has also seen some great national talent like Shadab Khan and Asif Ali. Owner: Leonine Global Sports (Ali Naqvi and Amna Naqvi) Bid Price: $15 Million, bought by Leonine Global Sports for a tenure of 10 years ($1.5 million per year). Leonine Global Sports is an entity made by Pakistani investors for the sole purpose of acquiring a PSL franchise. Head Coach: Dean Jones (Australia)

Also Have a look at: PSL 2019 Points Table

Peshawar Zalmi

Next on the list is the very exciting and highly capable team of Peshawar Zalmi led by Darren Sammy. The team has won the 2017 PSL trophy and was the runner up of PSL 2018. The Zalmis have some of the most important names of cricket like Kieron Pollard, Chris Jordan, Andre Fletcher and Darren Sammy. Their key fast bowlers, Wahab Riaz and Hassan Ali make the bowling attack strong as well. Owner: Haier Pakistan (Javed Afridi, CEO) Bid Price: $16 Million (10-year tenure, $1.6 million per year) Head Coach: Mohammad Akram (Pakistan)

Also Have a look at: PSL 2019 Schedule

Quetta Gladiators

One of the strongest team in the PSL. The Quetta Gladiators are known for their calmness all through the tournament. They have qualified for the play offs all 3 times and have been runner ups in the 2016 and 2017 edition of PSL. These statistics show how consistent the Quetta Gladiators team is with Sarfraz Ahmed as their captain who is also currently the captain of the Pakistan team. Some prominent players of the Quetta Gladiators are Shane Watson, Riley Rossouw, Sunil Narine and Dwayne Bravo. Local players include talent like Umar Akmal and Sohail Tanvir. Owner: Omar Associates (Nadeem Omar, Director) Bid Price: $11 Million (10-year tenure, $1.1 million per year) Head Coach: Moin Khan (Pakistan)

Lahore Qalandars

Perhaps the team with the greatest number of high rated players but Lahore Qalandars have always been under the pump and people have called it bad luck. The team has shown inconsistency in all 3 PSL seasons as their star players have not fired. The team performed so badly that they ended up at the bottom of the table in all 3 PSL seasons. Some of the featured players in the side are Ab De Villiers, Corey Anderson, Carlos Brathwaite, Fakhar Zaman and Mohammad Hafeez. Previously led by Brendon McCullum Owner: Qatar Lubricants (Fawad Rana, MD) Bid Price: Sold out for $25 million for a 10-year tenure ($2.5 million per year), Lahore Qalandars are the second most expensive team in the PSL. Head Coach: Aaqib Javed

Karachi Kings

Regarded as one of the most expensive teams of the PSL. The franchise is known to pick up key players every year like Babar Azam, Colin Munro, Shahid Afridi and Mohammad Amir. Despite their strong team, the team has been unable to win a PSL trophy so far, however they have managed to make it to the play offs all three times. Owner: ARY Group (Salman Iqbal, CEO) Bid Price: Sold out for $26 Million for a 10-year period ($2.6 million per year), Karachi Kings is the most expensive franchise in PSL. The ARY Group had to out bid giant companies like Mobilink and Arif Habib Group in order to acquire the Karachi Kings franchise. Head Coach: Mickey Arthur

Refresh the PSL 2018 moments with : PSL 2018 Points table and Play off Results

Multan Sultans

Making their entry in 2018, the Multan Sultans seem a promising team. They were able to upset the existing PSL teams in the start but unfortunately lost their mojo at the later end and did not qualify for the play offs. The Sultans feature some high rated players like Andre Russell, Shoaib Malik, Mohammad Irfan, Dan Christian, Shahid Afridi and Junaid Khan. The team seems to rely on local stars rather than high rated foreign players. The Multan Sultans were initially owned by Schon Properties but on 10^th November 2018, PCB terminated the franchise agreements leading to change of owners. Owner: Ali Tareen and Taimoor Malik (Multan Consortium) Bid Price: It was acquired by Schon Properties in 2017 for $5.2 Million annually making it the most expensive team of the PSL (three times more expensive than the average price of existing PSL franchises). However, after contract termination, it was acquired by Ali Tareen in 2018 for $6.35 million for 7 years. Head Coach: Johan Botha

How do PSL franchises earn?

There are 3 main sources of earning for PSL franchises:

Revenue from broadcasters

The franchises get 80% of the revenue generated through broadcast rights whereas 20% is acquired by the PCB.

Sponsors

50% of the sponsorship deals is given to franchises whereas 50% is kept by the PCB.

Ticket sales

50% of the ticket sales at the gate will be given to franchises whereas the other 50% will be utilized by PCB. The IPL and BPL give 100% of the ticket sales to the franchises but taking 50% of the ticket sales is justified by the PCB since they have to incur the charges of playing matches in the UAE. The PSL franchise owners have complained of incurring loss in all 3 seasons of the PSL. They had asked PCB to waive of the tax on the annual fee that they had to pay for their franchise. The PCB refused to do so. The franchises submitted their fee after the deadline. However, the PCB also asked the franchise owners to submit an audit report so that they could see exactly how much loss they had incurred. On this, the franchise owners did not respond, and no audit report was submitted. PSL 4 is likely to bring more revenue to the franchise owners.