The PCB announced in the release that the decision was

taken after thoughtful deliberations with stakeholders and considering the desire expressed by them to give more time to prepare to invest in the League. The press release stated that the board had come to the conclusion that the concerns expressed by the stakeholders on tight timelines for submission of bids and leveraging of assets, hold merit and that several requests are coming from other parties keen on picking up bid documents to become part of this extravaganza and hence more time given will benefit the League and all stakeholders. It also said that while a lot of progress has already been made in getting tax exemption for PSL (broadcasters, franchise, players, investors) from the government, it seems that finalization of this approval would take some more time due to procedures involved at relevant authorities, and the bid process would already be concluded by the time tax exemptions are granted. The press release also claimed that over 80 foreign players (and growing) have already signed to participate in PSL auction but the process of NOCs from the relevant boards is still underway and would require some time. It also admitted that some scheduling conflicts that arose after PSL dates were announced could result in potential star players missing out on the opportunity of participating in PSL.