FKS Group Wins Hyderabad PSL Team in Auction, Promising Exciting Cricket Action for Fans in 2026

In January 2026, Pakistan cricket reached a new milestone. The FKS Group, a well-known company based in the United States, officially became the owner of the new Hyderabad franchise in the Pakistan Super League (PSL). This was a historic moment, as it marked the expansion of PSL to eight teams for the first time. The new season, PSL 11, is scheduled to take place from March 26 to May 3, 2026, and cricket fans are excited to see the new Hyderabad team compete.

The Auction and the Winning Bid

The auction for the new PSL franchises was held on January 8, 2026, at the Jinnah Convention Centre in Islamabad. The event attracted a lot of attention, as many investors and companies wanted a piece of Pakistan’s most popular cricket league.

The FKS Group won the Hyderabad team with a record-breaking bid of PKR 1.75 billion (approximately USD 6.2 million or INR 55 crore). The base price for the team started at PKR 1.1 billion. However, the bidding quickly heated up due to strong competition, particularly from i2c, a major fintech company. FKS Group began bidding at PKR 1.4 billion and made bold, incremental increases until they secured the team.

This bid is the highest annual franchise fee in PSL history, surpassing even Lahore Qalandars, which cost PKR 670 million. The high bid demonstrates the growing confidence of investors in the PSL and the potential for cricket to expand as a business and entertainment opportunity in Pakistan.

About FKS Group

FKS Group is a diversified business conglomerate based in the United States. The company operates in several industries, including:

• Aviation through FKS Aviation
• Healthcare through ProCare Health
• Sports and Entertainment through Kingsmen Enterprise

FKS Group also owns the Chicago Kingsmen cricket team in the United States. This means that the Hyderabad franchise is their second major investment in cricket, showing that the company is committed to supporting the sport internationally.

Meet Fawad Sarwar

The president and founder of FKS Group is Fawad Sarwar. He is originally from Hyderabad, Pakistan, where he was born and completed his early education. Later, he moved to the United States for higher studies and has lived there for more than 26 years.

Despite living abroad, Fawad has maintained a strong connection to his hometown and has always wanted to contribute to cricket in Hyderabad. He is a passionate cricket fan who grew up playing street cricket and backyard cricket. Owning a PSL team has been a childhood dream for him, and he expressed his excitement after the auction:

“I still can’t believe we own a PSL team. We started by playing street and backyard cricket. Now we have the chance to make our city proud on a big stage.”

Fawad also revealed that he has plans to upgrade Niaz Stadium in Hyderabad, improving facilities for young players and creating opportunities for local talent. These improvements are expected to boost cricket in the city and provide a platform for the next generation of Pakistani cricketers.

The Auction Atmosphere

The auction was a lively and exciting event. It was hosted by cricket legend Wasim Akram, and ten companies participated in the bidding. Alongside FKS Group, other bidders included well-known organizations such as Inverex, Jazz, and OZ Developers.

Even Prime Minister Shehbaz Sharif personally congratulated the new team owners, showing the importance of PSL as a national sporting event.

FKS Group won the seventh slot, securing Hyderabad’s representation in PSL. Soon after, OZ Developers broke the record by purchasing the Sialkot team for PKR 1.85 billion, showing that the PSL market is attracting major investments.

What the Hyderabad Team Means for Fans

For cricket fans in Hyderabad, this is an exciting development. The new team brings:

• Local pride: Residents can now cheer for a team that represents their city.
• Home games: Fans will have the chance to watch live PSL matches in their own stadium.
• Youth opportunities: Young players in Hyderabad and Sindh will get more chances to showcase their skills.
• New rivalries: With eight teams in the league, Hyderabad will face tough competition from cities like Karachi, Lahore, and Sialkot, creating exciting matchups for fans.

The team is expected to strengthen cricket culture in Hyderabad and motivate young people to pursue sports professionally.

The Economic and Sporting Impact

The FKS Group’s investment highlights PSL’s boom as a sports activities enterprise. A high-profile franchise like Hyderabad attracts sponsors, media interest, and tourism. The team’s suits will make contributions to the neighborhood financial system, including price ticket income, products, and hospitality. Additionally, the league’s expansion to eight teams will increase possibilities for Pakistani players, coaches, and support staff. More matches mean greater exposure for gamers and greater enjoyment for fans.

Fawad Sarwar’s Vision for Hyderabad

Fawad Sarwar has ambitious plans for the team and the city:

1. Stadium Renovation: Improving Niaz Stadium to international standards.
2. Youth Development: Creating academies and training programs for local talent.
3. Community Engagement: Hosting cricket events and workshops to encourage children to play cricket.
4. Competitive Team: Building a squad that can compete strongly with established PSL teams.

His long-term goal is to make Hyderabad a major hub for cricket in Pakistan.

Excitement Across Pakistan

The PSL expansion is exciting not just for Hyderabad but for the entire country:

• Fans: More teams mean more matches and more excitement.
• Players: More opportunities for domestic players to join professional teams.
• Cities: Increased tourism and stadium visits boost local economies.
• Investors: The high bids show that PSL is a growing platform for business and sports.

Fans are already looking forward to seeing their local heroes play for Hyderabad in PSL 11, creating a strong bond between the team and the city.

Conclusion

The addition of the Hyderabad franchise marks a brand new era for PSL. With the FKS Group and Fawad Sarwar at the helm, Hyderabad is anticipated to emerge as a competitive group and a supply of satisfaction for the town. The 2026 auction additionally showed that PSL isn’t best a cricket league but a growing sports enterprise attracting worldwide traders. For lovers, players, and the cricket community, PSL 11 guarantees interesting fits, new talent, and unforgettable moments.