Poker Sports League (PSL) Locks in 10 Franchises for Next 8 Years

Driven by the grand success of the inaugural season of Poker Sports League last year, league owners — Dabur’s vice chairman Amit Burman, Anuj Gupta (founder of poker portal and Pranav Bagai (founder of India Poker Legend) — are coming back with the 2nd season of the league.

The latest is that the league owners have locked in 10 franchises from the previous season for the next 8 years with a total commitment of spending Rs 150 crore. Another significant development in PSL is the prize money, which has been increased to INR 3.6 crore from INR 1.5 crores.

“The first season was only a trailer of what is set to become India’s first and credible and fully carved out poker league. We received a sizeable response from both aspiring players and corporates last season,” said Burman, who has invested in PSL in his personal capacity.
“All the team owners have decided to continue their association and we have signed 10 franchises for the next 8 years.” PSL will also hold auctions for two new franchises, which according to Burman, will help establish the valuation for the franchisees. “In the first year, franchisees had paid INR 35 lakh as the fee. We have increased the franchise fee to INR 57.5 lakh this season and it will increase year-on-year. By the fifth year, they will pay over INR 1 crore each,” said Burman.

In the first season, it was Delhi Panthers, owned by Rishi Kajaria of Kajaria Ceramics, that won the title of the best team and INR 1.5 crore as prize money. The season had seen poker players from 11countries.

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