Karachi: Pakistan Cricket Board yesterday said that it has sold the five franchises of its scheduled Pakistan Super League T20 event for around 920 million rupees (approximately USD 9.2 million).

Najam Sethi, who heads the PSL secretariat, told the media in Lahore that PCB has sold the commercial rights for title sponsorship and broadcast rights. He said the PSL preparations and franchise/commercial rights sales were well within the estimated budgetary projections. He said despite apprehensions being expressed about the PSL in some quarters, the PCB had managed to attract good investment in the league.