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Yuvraj wishes luck to Peshawar in PSL.

PESHAWAR -- All-rounder Yuvraj Singh became the first Indian player to send wishes to the Pakistan Super League (PSL). Supporting team Peshawar, Yuvraj said he would pray for the success of the team bought by Haiers Javed Afridi for $1.6 million. All praise for Shahid Afridi, the Indian all-rounder said Peshawar would surely win as they have boom boom on their side. The 33-year-old added that Afridi was only hard from the outside and had a very soft and kind inner side.

Earlier in the week, the PSL edged closer to reality as five franchises of the T20 league were sold at $93 million for a 10-year period after the financial bids opened followed by an intense auction. Karachi was sold as the most expensive team followed by Lahore, Islamabad, Peshawar and Quetta. Seven parties were in the running to claim stakes in the league including Haier, Omar Associates, ARY Group, Mobilink, Arif Habib Group, UAEs venture capital Leonine Global and Qatars oil company QALCO.

ARY Group put up the highest successful bid at the auction and won the rights for Karachi at $2.6 million per year, beating closest-competitor Arif Habib Group, the only other party which had bid just for Karachi while the remaining six were in the race for stakes in all the franchises. There was a neck-to-neck battle between ARY Group and Arif Habib Group till the very end as both tried to outmuscle each other; however, it was the media group CEO Salman Iqbal who placed the highest bid in the end between the two. QALCO outbid everyone present to get the rights for Lahore at $2.51 million per year while Islamabad was bought by Leonine Global for $1.6 million per year.

Meanwhile, Omar Associates took Quetta for $1.1 million after initially bidding $0.9 million for it, making it the lowest-priced team but Managing Director Nadeem Omar said they would still pose a challenge for the title. Were looking forward to a successful T20 league and hopefully Peshawar will make its mark in the inaugural competition, Haiers Javed told The Express Tribune. In another successful development, one of Pakistans oldest and biggest banks, Habib Bank Limited (HBL) joined PSL as title sponsors for the first three years of the league which will now be known as HBL Pakistan Super League.

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Publication:Frontier Post (Peshawar, Pakistan)
Geographic Code:9PAKI
Date:Dec 10, 2015
Words:389
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