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Pakistan Super League (HBL PSL) (also known as for sponsorship reasons)

Pakistan Super League (PSL) (also known as HBLPSL for sponsorship reasons)

 Pakistan Super League (HBL PSL) also known as HBL:

The Pakistan Super League (PSL) (also known as HBL PSL for sponsorship reasons) is a men’s Twenty20 cricket league contested by six city-based franchise teams.

The league was founded in 2015 by the Pakistan Cricket Board. Rather than operating as an association of independently owned teams, the league is a single entity with each franchise owned and controlled by investors.[1]

Each team plays group-stage matches in a double round-robin format and the top four teams with the most points advance to the finals and qualify for the playoffs.

Lahore Qalandars are the only team to have won:

The league has had eight seasons. Islamabad United and Lahore Qalandars are the only teams to have won the title twice, the most successful teams. The reigning champions Lahore Qalandars are the only team to successfully defend their title in the 2023 season.

In September 2015, the Pakistan Cricket Board officially announced the launch of PSL. Former Pakistan national team captains Wasim Akram and Rameez Raja have signed a deal to promote the PSL and become the league’s brand ambassadors for three years.

After years of planning

After years of planning and two previous failed attempts, [3][4] the league was formally launched on 4 February 2016 by:

UAE Minister of Sports Nahyan bin Mubarak Al Nahyan at an opening ceremony.[5] In the first two seasons, There were five teams based in the provincial capitals and the federal capital of Pakistan.[6][7] The first season of the PSL featured a large number of international players. The league uses a draft system similar to that used in many professional sports leagues in North America and an auction system used in some other T20 leagues to recruit players.

PSL’s official Logo:

The PSL’s official logo was unveiled at an event in Lahore on 20 September 2015 and was designed by 3Di.

The event was attended by current and retired cricketers as well as Pakistani celebrities.

Commercial rights to the initial franchises were sold in December 2015 for US$93 million for a 10-year term. According to Arif Habib, the market value of PSL was up to US$300 million in 2017, [9] and has grown significantly. After the year [10]

Extension HBL PSL:

The possibility of adding a sixth team to the league in 2017, [11] possibly in Azad Kashmir, was discussed but was ruled out in May 2016.[12][13] It was announced that P.S. LK will be the sixth team in the next season a few days after the end of PSL 2017.

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra also announced that the PSL administration will be contacted for the participation of the sixth team in the 2018 PSL.[14][15] Gilgit-Baltistan Chief Minister Hafiz Hafeezur Rehman also said that There is a sixth team from Gilgit-Baltistan. PCB shortlisted five names for the sixth team: Faisalabad, FATA, Hyderabad, Dera Murad Jamali, and Multan.

The final name of the sixth team for the PSL 2018 season:

The final name of the sixth team for the PSL 2018 season was announced on 1 June 2017. Multan Sultans; Schön Properties owns $5.2 million a year. On 10 November 2018, the PCB terminated the franchise agreement with Shaun Properties, leading to the introduction of a new owner.[19] The new owners continued with the same name (Multan Sultans) for the franchise. decided to

Profit in  HBL PSL:

In May 2016, the PCB announced that the inaugural season of the PSL had generated a profit of US$2.6 million.[20] In the 2022 edition, which was held entirely in Pakistan, PCB Chairman Ramiz Raja reported a 71% increase in PSL profits. 900 million (US$3.1 million) in revenue before the season began, with each franchise receiving Rs. The 2023 edition recorded revenue of over Rs. 5 billion. Revenue was collected from a variety of sources, including broadcast rights, title sponsorships, gate money, and other related rights.[22][23]

PSL Play-off System:

The PSL is played in a double round-robin format. Each team plays each other twice and the top four advance to the playoffs. The play-offs use a page play-off system similar to the Indian Premier League.

The league follows the rules and regulations laid down by the International Cricket Council,

DRS System in T20:

Although it introduced the DRS system in T20 which was later copied by the International Cricket Council. In the group stage,

two points are awarded for a win, one for a draw, and none for a loss.

In case the scores are tied after both teams have faced their quota of overs, a super over is used to decide the winner of the match.

Teams are ranked in the group stage based on the following criteria.

The High Number of Points:

1 If equal, better run rate
2 If tied, the highest number of wins
3 If equal, lesser losses
4 If still tied, head-to-head results
In any playoff match in which there is no result, a super over is used to determine the winner.

If a super over is not possible or the result of the over is a tie, the team that comes in the highest position in the league at the end of the regular season is deemed to be the winner of the match.

Schedule HBL PSL:

PSL is held in February and March every year. The only exception was disruption due to COVID-19. The PSL has preceded the Indian Premier League. In 2025, PSL and IPL will meet.[24]

Teams in the Pakistan Super League:

Pakistan Super League Pakistan is located in Peshawar Zalmi Peshawar Zalmi Islamabad United Islamabad United Lahore Qalandars Lahore Qalandars Multan Sultans Multan Sultans Quetta Gladiators Quetta Gladiators Karachi Kings Karachi Kings
The cities were represented by PSL teams.
According to a PCB press release, around 20 parties expressed interest in purchasing franchises for the league ahead of the first season.[25] On 18 October 2015, the Pakistan Cricket Board announced that the franchises would be awarded with a bid deadline of 15 November. Started accepting tenders for The winning bids were granted franchise rights for ten years.[27]

All five franchises for the Leagues:

All five franchises for the league’s first season were sold on December 3, 2015, for a total price of US$93 million, after seven bidders submitted formal proposals.[28][29]

In April 2017, the PCB invited bids for a sixth team. About 40 national and international parties expressed interest in purchasing the sixth franchise,[30] and on 1 June the rights to the Multan franchise were purchased by Shone Properties for US$5.2 million per annum, the most expensive franchise rights in the franchise. were The league [31] In November 2018, however, the PCB terminated the rights due to payment issues. The rights were resold to a consortium led by Ali Tareen for US$6.35 million.

According to a HBL PSL Press Release:

According to a PCB press release, around 20 parties expressed interest in purchasing franchises for the league ahead of the first season.[25] On 18 October 2015, the Pakistan Cricket Board announced a bid deadline of 15 November. and began accepting tenders for franchises.[26] The winning bids were granted franchise rights for ten years.[27]

All five franchises for the league’s first season were sold on December 3, 2015, for a total price of US$93 million, after seven bidders submitted formal proposals.[28][29]

PCB invited Bids for a Sixth Team:

In April 2017, the PCB invited bids for a sixth team. About 40 national and international parties expressed interest in purchasing the sixth franchise,[30] and on 1 June the rights to the Multan franchise were purchased by Shone Properties for US$5.2 million per annum, the most expensive franchise rights in the franchise. were The league [31] In November 2018, however, the PCB terminated the rights due to payment issues. The rights were resold to a consortium led by Ali Tareen for US$6.35 million.

 

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