Lahore Qalandars ' owners, Sameen Rana and Atif Rana, have agreed to renew their rights to the franchise for another 10 years. The reigning champions and three-time winners became the first of the six PSL teams to publicly confirm their acceptance of a re-evaluation conducted by the Pakistan Cricket Board.

The announcement ends mild uncertainty over the ownership status of what is considered the PSL's most expensive franchise. While neither the Qalandars nor the PCB revealed the exact figure of any team, ESPNcricinfo understands the Qalandars have been valued by EY-MENA, the financial organisation tasked with assessing each PSL side's worth, at approximately PKR 980 million (Approx USD 3.47 million) per year.

The Qalandars' current owners will not have to pay that full value. After new

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