India, Jan. 9 -- Pakistan Super League's (PSL) expansion took a major step on January 8, 2026, when the PCB sold two new franchises at its teams auction: Hyderabad went for PKR 1.75 billion and Sialkot for PKR 1.85 billion, as the league moves from six to eight teams.

Notably, IPL too had two key "team ownership" moments: the inaugural IPL franchise auction in 2008 and the most recent IPL expansion sale (2021). Here we look at a valuation comparison of the franchises in the two leagues. To keep it fair, we used a simple normalisation method: convert all prices into common currency (USD) using Jan 8, 2026 spot exchange rates, and for IPL 2008 (which is in older USD), inflate 2008 dollars into 2026-ish dollars using US CPI (Consumer Price ...