PSL 2023 Sponsors, Prize Money, Trophies and More

PSL SPONSORS

The Pakistan Super League T20 competition is easily the biggest sporting event in the country. Given its massive size, millions of dollars are spent on organizing and conducting the event. So as PSL 8 is set to start on the 13th of February, let’s talk a look down memory lane at all the PSL Prize Money and Sponsors of the previous editions.

psl sponsors
PSL SPONSORS

PSL Prize Money

But no good event would be successful without money at stake. Ever since the beginning of the competition, the PSL prize money was $500,000 for the winner and $200,000 for the runner-up. Due to the fluctuating economy and varying conversion rates, the PKR values for the distribution have changed but the dollar values have remained the same.

Apart from these main 2 awards, there are various others like Player of the Tournament, Umpire of the Tournament, Spirit of cricket award, and various other tournament-related awards. A total of 34 Man of the Match awards will also be given out. In the 2022 edition, a total of PKR 112 million was allocated for prize money. Given below are the prize money distribution and individual sums given to all award winners in last year’s PSL, PSL 7.

AwardPrize Money/ PKR
WinnerPKR 90 million
Runner-upPKR 32 million
Player of the TournamentPKR 3 million
Batter of the TournamentPKR 3.5 million
Bowler of the TournamentPKR 3,5 million
Wicketkeeper of the TournamentPKR 3.5 million
Fielder of the TournamentPKR 3.5 million
All-rounder of the TournamentPKR 3.5 million
Emerging Player of the TournamentPKR 3.5 million
Umpire of the TournamentPKR 3.5 million
Spirit of CricketPKR 3.5 million
Man of the MatchPKR 500,000

As 34 total Man of the Match awards were given, a total of PKR 17 million was distributed for this ward.

Apart from the Individual awards, the prize amount won by each team is split among all the players as well as the staff. Though the 2023 prize money hasn’t been released yet, there has been speculation since last year that the prize money will rise but we will have to wait and see.

READ ALSO: PSL ALL EDITIONS TROPHY

PSL Sponsors

The title sponsor for PSL, from its very first inaugural edition to today and even in the future, is HBL. Habib Bank Limited invested $5.2 million into the first-ever PSL in 2016 as a 3-year deal. After the contract expired in 2018, the bank decided to return as the title sponsor, but this time they almost tripled the per-year sponsorship amount to $14.3 million. As this 3-year contract expired in 2021, HBL renewed it for the 2nd time and they will remain the title sponsor for the event till 2025. Once again, the yearly sponsorship amount rose, resting now at a staggering $22.2 million. A table illustrating this data is given below.

Title SponsorPeriodSponsorship amount (per year)
HBL2016-2018PKR 54.4 Crore
HBL2019-2021PKR 214.8 Crore
HBL2022-2025PKR 391.7 Crore

The title sponsor may be contributing the greatest amount, but the many other official partners and team sponsors also contribute significantly. It is estimated that the sponsorship deals associated with the league, including the title sponsor; HBL, are worth more than $6 million. The official sponsors for the HBL PSL are J., OPPO phones, Brighto Paints, and Jubilee. The remaining partners are as follows:

  • Pk
  • Ariel
  • Pepsi
  • Inverex
  • Tapal Tea
  • TransGroup
  • Head & Shoulders
  • Blitz International

Though the above-mentioned partners apply to the whole event, the 6 PSL franchises, the teams, Quetta Gladiators, Lahore Qalandars, Islamabad United, Multan Sultans. Karachi Kings, and Peshawar Zalmi, are all owned by separate corporations with their team sponsors. You can visit following links for that

Lahore Qalandars Team Owner and Sponsors

Peshawar Zalmi Team Owner and Sponsors

Karachi Kings Team Owner and Sponsors

Quetta Gladiators Team Owner and Sponsors

Islamabad United Team Owner and Sponsors

Multan Sultans Team Owner and Sponsors