A financial technology company bought a franchise in the Pakistan Super League at a record annual fee of $8.8 million. Pakistan company Walee Technologies successfully bid for former champion Multan Sultans at an auction held in Lahore that made it the most valued franchise in the history of PSL. Last month the Pakistan Cricket Board expanded the PSL to eight teams from this season, starting from March 26, with Sialkot going for $6.55 million and Hyderabad for $6.2 million. Sialkot had held the previous sale record.
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