KARACHI: The inaugural edition of Pakistan Super League (PSL) will be held at Doha (Qatar) from February 4 to 24 next year, Chairman of the PSL Governing Council and the PCB Executive Committee, Najam Sethi announced on Wednesday.
“The wait is now over and we are here to tell you of our intent to stage the PSL,” Sethi told a news conference.
“The way we see it, PSL is not just about cricket. It is a unique blend of entertainment and cricket which will be the most exciting Pakistani product,” Najam Sethi said.
After extensive negotiations with various stakeholders, the PSL Governing Council has decided to lock Doha as its preferred location for the tournament.
The 5-team tournament will take place in February next year with a total of 24 matches scheduled to take place in the first edition.
“We are starting with 5 teams in order to build the value of our franchises and we will expand the number of teams in the coming editions,” former PCB Chairman said.
Top foreign players from all test-playing nations except India have expressed interest in signing up for the PSL. As of now, the PSL team has consent from over 40 international players. In addition, top foreign coaches are also being roped in for the first edition of the PSL. The tournament will carry collective prize money of up to $ 1 million.
Najam Sethi also informed the press about the interest of potential commercial stakeholders in the league.
“I can confirm that a number of parties are currently talking to us and are interested in picking up the franchises. Similarly, we have great interest being shown from broadcasters and sponsors,” Sethi, said.
In line with the tournament commercial plan, rights for broadcast, sponsorship, and franchise ownership will be sold over the next three months.
With the event venue locked, the formal PSL launch will take place in Lahore in the third week of next month, PCB’s media release concluded.