As of IPL 2025, Shreyas Iyer has been appointed captain of the Punjab Kings (PBKS). He was acquired for ₹26.75 crore during the auction, making him one of the most expensive players in IPL history. Head coach Ricky Ponting endorsed Iyer as an ideal leader for the team.

Under the new guidance of Ricky Ponting, Punjab Kings (PBKS) are set to embark on a promising campaign in the IPL 2025, equipped with the largest budget of INR 110.5 crore among all franchises. This financial advantage was strategically utilized to craft a balanced team,

Punjab Kings had only retained two players ahead of the auction and both of them were uncapped. In the run up to the auction, the Punjab franchise also brought in Ricky Ponting as their head coach. In the auction, they have tried to buy some good Indian players alongside trusted overseas names.