Numerous individuals are interested in purchasing one of the two new Premier Soccer League teams: However, Najam Sethi Sethi acknowledged the legitimate concerns of the currently operating franchisees, which included the possibility of a loss of income and the effect on the level of market saturation.
Najam Sethi, the chairman of the Pakistan Cricket Board (PCB) management committee, disclosed that two new Pakistan Super League franchises are attracting a lot of attention from prospective purchasers (PSL).
Sethi said in an interview with a YouTube channel that while he had first considered the idea, he hadn’t brought it up to anybody until Peshawar Zalmi owner Javed Afridi “fired the first shot” by speculating that Faisalabad and Sialkot may be the two new teams in the league.
“I don’t talk about it with anyone, but my initial impression was that I didn’t know how it seemed in the media. Thus, in my opinion, Javed Afridi has officially announced that Sialkot and Faisalabad will be the two new PSL teams. I’d like to see at least two additional clubs added, but we haven’t talked to the franchises about it and we haven’t decided “said he.
Sethi acknowledged the legitimate worries voiced by the current franchises about potential income loss and the impact on market saturation, though.
“Franchises have a lot of understandings and worries about their income and whether or not the market can support them. We need to talk about it because without them, we can’t go on “explained Sethi.
“They must participate in the consultation procedure. But what I will say is that if these two clubs are brought to the PSL, it will be a win-win situation for everyone because so many people are interested in buying them “Added he.
The 74-year-old gave the current franchisees assurances that they would not lose money as a result of this choice but rather profit from it.
He predicted that both the income and the number of teams would rise. “My suggestion to the other six franchises is that you will not suffer any loss, but you will earn a profit from this, and if the revenue reduces, then we will support you in this matter,” he added.
Sethi mentioned that numerous individuals have approached him with the notion of bringing the PSL to the United States.
Several individuals have contacted us asking to bring PSL to the States, the man added.
The PCB head also stated that a discussion inside the PCB would be held to examine the viability of using an auction approach to choose teams for the PSL. An auction model would give each club a certain amount of money to bid on players, with the player’s services going to the team with the highest price.
The introduction of the auction model in PSL would be the subject of an internal discussion, he added.