ARY boss buys Karachi team in Pakistan Super League
JournalismPakistan.com | Published: 3 December 2015
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Salman Iqbal, the CEO of ARY Network, has acquired the Karachi team for the Pakistan Super League. This purchase is recognized as the most expensive franchise in PSL history.Summary
KARACHI: ARY Network President and CEO Salman Iqbal has bought the Karachi team in the forthcoming Pakistan Super League (PSL).
ARY News reported Thursday that an auction was held in Lahore and the bid for the Karachi team was the highest made for any franchise, making it the most expensive in the PSL. Many big groups participated in the bidding but ARY’s bid emerged successful. ARY quoted Iqbal as saying the purchase of the Karachi team was proof of ARY’s commitment to the betterment of cricket and that it had been doing this in the past as well.
Key Points
- Salman Iqbal bought the Karachi team for PSL.
- The bid was the highest for any PSL franchise.
- ARY Network expresses commitment to cricket development.
- Many major groups participated in the bidding.
- The auction took place in Lahore.
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