The notion of six teams for the second edition of Pakistan Super League (PSL) has been smacked down by the franchise owners.

According to sources, despite Sethi's promise of an increase in profit share for next year's edition, the franchise owners declined the proposal.

The franchises aim to open new revenue streams via merchandising and are concerned that the addition of an additional franchise will lessen their receipts.

Chairman PSL, Najam Sethi, had expressed his desire to add an additional franchise for the franchise-based tournament's second edition.

However, except Peshawar Zalmi no other franchise welcomed the idea — ostensibly because of the profit sharing mechanism.

Sethi had earlier stated that the sixth team in PSL would be named after Azad Jammu and Kashmir (AJK).

The contract backs franchises

The contract signed between the Pakistan Cricket Board (PCB) and the franchises hinders the former from adding another franchise until the third edition.

Currently, there are five franchises based on four provincial capitals along with the federal capital in the tournament.

PSL’s first edition, held in February earlier this year, turned out to be a massive success and garnered PCB a profit of $2.47 million. The cricket board distributed 70 per cent of the profit among the five franchises equally.