LAHORE (Abdul Basit): The HBL Pakistan Super League (PSL) has received a major boost to its long-term stability and brand value as three of its most prominent franchises, Lahore Qalandars, Peshawar Zalmi and Quetta Gladiators have renewed their franchise agreements for another decade.
The extensions, finalised on Monday after what the PCB called it a transparent valuation process conducted by Ernst & Young, reaffirm the confidence of stakeholders in the PSL’s enduring strength and its expansion plans, with the league set to grow to eight teams in the 11th edition next year.
Lahore Qalandars, the PSL champions, proudly marked their 10-year anniversary, celebrating a decade of growth that has seen them become one of the most successful and valuable franchises in the Pakistan Super League. The franchise has accepted the PCB’s renewal offer to continue as a PSL team for the next 10 years.
Following an independent valuation by independent experts EY MENA, Lahore Qalandars have been recognised as the most valuable team based on combined on-field performance and organisational strength. This accolade reflects the franchise’s commitment to sustainable growth and long-term development.
With three PSL titles in the last four seasons, Lahore Qalandars demonstrate excellence both on and off the field. The franchise has also invested in youth development, expanded fan engagement, contributed to cricket’s growth domestically and internationally, and consistently upheld sustainable excellence.
The Decade of Glory celebrations in Islamabad brought together the Qalandars family, including iconic Pakistani stars Shaheen Afridi, Fakhar Zaman, Haris Rauf and Salman Mirza. The festivities featured a special lunch reception and trophy ceremony with MD Zimbabwe Cricket, Mr. Givemore Makoni, and the Zimbabwe Cricket team, strengthening the franchise’s international partnerships.
The event highlighted Lahore Qalandars’ strong ties with Zimbabwe Cricket, including player-exchange programsand opportunities for Pakistani players to gain experience in Zimbabwe’s domestic circuit. Zimbabwe captain Sikandar Raza, widely regarded as “Qalandars ka Sikandar,” played a pivotal role in this collaboration. Sri Lankan stars Bhanuka Rajapaksa and last season’s PSL final man of the match Kusal Perera also attended, adding international flair to the celebrations.
The event also featured the announcement of the Lahore Qalandars High Performance Center expansion in partnership with Capital Smart City Islamabad, a project by Zahid Rafiq Group, aimed at nurturing the next generation of cricketing talent. This will be the franchise’s third High Performance Center in Pakistan, following successful setups in Lahore and Karachi.
Chairman Zahid Rafiq and MD Jahanzaib Zahid highlighted this strategic partnership as a true manifestation of the franchise’s vision. Speaking on the occasion, Zahid Rafiq said, “Building a High Performance Center under the renowned name of Lahore Qalandars is not just about infrastructure; it’s about creating a legacy where talent meets opportunity, and the future stars of Pakistan cricket are nurtured to shine on the world stage.”
Atif Naeem Rana, Owner and CEO, Lahore Qalandars, said: “Lahore Qalandars has always been more than just a team. It is a movement powered by passion, our fans, and the belief that excellence on and off the field must go hand in hand. Winning three titles in four years, investing in youth development, and forming global partnerships reflect what this franchise stands for. We are grateful to our partners, players, support staff, and fans who have shaped this remarkable ten-year journey. The next chapter promises to be even more impactful as we continue to push boundaries in the PSL and world cricket.”
Sameen Rana, COO of Lahore Qalandars, said: “Completing ten years is a proud moment for the entire Qalandars family. This journey has been built on hard work, stability, and a clear vision for what we want Lahore Qalandars to represent. The independent valuation recognising us for our overall strength is a testament to the systems we have built, not just the trophies we have won. Our commitment has always been to the growth of cricket, to developing young talent, and to building partnerships that elevate the game. As we step into the next decade, our ambition is even stronger and our responsibility even greater.”
Meanwhile, Peshawar Zalmi, will remain with their current owners for the next decade following the renewal of their franchise agreement on Monday.
The owners of the 2017 champions were among the first to extend their franchise agreement at the market value determined by Ernst & Young – after a comprehensive and transparent valuation process.
The renewal reaffirms stakeholders’ confidence in the HBL PSL’s enduring strength and rising brand value ahead of its expansion to eight teams in the 11th edition next year.
PCB Chairman Mohsin Naqvi:
“I am delighted that Peshawar Zalmi will continue under the leadership of Mr. Javed Afridi, whose commitment, professionalism and passion have played a fundamental role in elevating the Zalmi brand into one of the most dynamic and admired sporting entities in Pakistan.
“Javed Afridi’s vision has not only strengthened the Zalmi franchise but has also contributed immensely to the growth of the HBL PSL. His decision to renew reflects a strong belief in the league’s future potential and continued success.
“The PCB looks forward to building on this partnership as we collectively work towards further advancement of Pakistan cricket.”
HBL PSL Chief Executive Officer Salman Naseer:
“Peshawar Zalmi’s energy, inclusivity and deep connection with fans have been central to shaping the identity of the HBL PSL. We are extremely pleased to continue this journey with Mr. Javed Afridi, who has consistently demonstrated unwavering commitment to strengthening the league and nurturing emerging talent.
“His forward-thinking approach and support have been vital to the HBL PSL’s evolution and we are excited about what the next decade of this partnership will bring.”
Meanwhile, Quetta Gladiators will continue under the stewardship of their current owners for the next decade, as the franchise has formally renewed its long-term agreement on Monday.
The ownership of Quetta Gladiators has renewed the franchise agreement at the newly assessed valuation, which was set following a comprehensive evaluation led by Ernst & Young, a globally renowned audit and advisory organisation.
PCB Chairman Mohsin Naqvi:
“I am delighted that Quetta Gladiators will continue their journey with their current owners for another decade. Mr. Nadeem Omar and his team have played a vital role in building a loyal fan base and elevating the franchise’s stature both locally and internationally.
“Mr. Nadeem Omar is a thorough gentlemen, professional and a cricket aficionado. His renewed commitment speaks volumes about their faith in the HBL PSL’s upward trajectory and the league’s global standing. We look forward to deepening this partnership and working together to achieve even greater milestones for Pakistan cricket.”
HBL PSL Chief Executive Officer Salman Naseer:
“The Gladiators’ dedication, competitive spirit and unwavering belief in the HBL PSL have helped shape the identity of the league over the years. We are thrilled to continue our collaboration with Nadeem Omar and his management for the next decade.
“Mr. Nadeem Omar’s contributions go way beyond the HBL PSL. His true passion has always been Cricket and its development in Pakistan. We are excited to have them onboard and for this next chapter of HBL PSL and Gladiators’ partnership.”
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