The deadline to bid for The Sixth Team of the Pakistan Super League has been extended to 19th December from the previously announced date of 18th December.
The interested bidders will submit their bids on the 19th of December, while that day and 20th of December will be dedicated for investigation of bidders.
The submitted bids will be opened on the 20th of December, Pakistan Cricket Board (PCB) announced.
Earlier, Pakistan Cricket Board (PCB) terminated the franchise contract of Multan Sultans with Schon Group because of not meeting the financial obligations.
Schon Group acquired the rights for the sixth team of the PSL against $5.2 million per annum ahead of the third edition of the league, which became the most expensive franchise of the PSL, surpassing Karachi Kings as the most pricey franchise.
PCB took the responsibility of the team, players and coach contracts. They also picked the players during PSL 4 drafts.