A real estate consortium and a U.S.-based aviation and healthcare conglomerate won the bids for two new Twenty20 franchises in the Pakistan Super League for $12.75 million on Thursday. OZ Developers named Sialkot as its new franchise which it won at auction for rupees 1.85 billion ($6.55 million). FKS Group from the United States chose the name of Hyderabad after securing the bid for rupees 1.75 billion ($6.2 million).
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