In a significant move during the IPL 2025 mega auction, Shreyas Iyer emerged as a focal point, attracting a substantial bid from the Punjab Kings (PBKS) who secured his services for an impressive INR 26.75 crore (approximately US$3.18 million). This acquisition sets Iyer on a potential path to captaincy for the franchise, as indicated by Ricky Ponting, the head coach of PBKS.

After a dynamic start at the auction held in Jeddah, Saudi Arabia, PBKS demonstrated their intent by leveraging the largest available purse among the ten teams. This financial advantage was achieved by retaining only two uncapped players from their previous squad: Shashank Singh and Prabhsimran Singh. With strategic precision, PBKS made notable investments in players such as Arshdeep Singh and Yuzvendra Chahal, each for INR 18 crore, in addition to securing the talents of Marcus Stoinis and Glenn Maxwell.

Ponting, speaking to Star Sports, expressed his enthusiasm for Iyer’s leadership potential, stating, "I've worked with Shreyas before and he is a great guy and a great player. He'll be a great leader for our team if we decide to go that way, which I'm pretty sure we probably will." The endorsement is rooted in Iyer's successful track record, having led his previous team to a championship victory last season, underscoring his capability to inspire and lead a squad effectively.

This acquisition marks a reunion for Ponting and Iyer, who had previously collaborated at Delhi Capitals (DC). Iyer’s leadership, combined with his batting prowess, is expected to bolster PBKS's pursuit of IPL glory. Ponting further elaborated on their strategic choices, highlighting Arshdeep Singh as a vital addition due to his exceptional skills with both the new ball and old ball, making him one of India's premier T20 wicket-takers.

As PBKS gears up for the upcoming season, the inclusion of these key players reflects their ambition to transform the team's fortunes. With Iyer potentially at the helm, PBKS aims to harness his championship-winning experience and charismatic leadership to navigate the competitive landscape of the IPL, setting the stage for what could be a landmark season for the franchise.