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AS PER REPORTS:
The Pakistan Cricket Board (PCB) has announced that it will auction the Pakistan Super League (PSL) franchise Multan Sultans, following strong valuations in the recent sale of two new teams, Hyderabad and Sialkot.
The board assumed control of the franchise after the ownership agreement expired on December 31, 2025, with former owner Ali Tareen stepping away amid strained relations with the PCB. Initially, the plan was to operate the team for one year and auction it in 2027, but the board has now decided to move forward sooner, citing financial efficiency despite an audit noting the loss of an $8.5 million franchise fee.
PCB Chairman Mohsin Naqvi confirmed that the board will run the Sultans during the upcoming PSL 11, scheduled from March 26 to May 3, 2026, before initiating the auction process. He added that an interim management structure will be appointed, including a professional cricketer to oversee operations. Multan Sultans, originally awarded to the Schon Group in 2017 for $5.2 million, were the most expensive franchise at the time. With the addition of Hyderabad and Sialkot, PSL 11 will feature eight teams, marking another milestone in the league’s expansion.
The Pakistan Cricket Board (PCB) has announced that it will auction the Pakistan Super League (PSL) franchise Multan Sultans, following strong valuations in the recent sale of two new teams, Hyderabad and Sialkot.
The board assumed control of the franchise after the ownership agreement expired on December 31, 2025, with former owner Ali Tareen stepping away amid strained relations with the PCB. Initially, the plan was to operate the team for one year and auction it in 2027, but the board has now decided to move forward sooner, citing financial efficiency despite an audit noting the loss of an $8.5 million franchise fee.
PCB Chairman Mohsin Naqvi confirmed that the board will run the Sultans during the upcoming PSL 11, scheduled from March 26 to May 3, 2026, before initiating the auction process. He added that an interim management structure will be appointed, including a professional cricketer to oversee operations. Multan Sultans, originally awarded to the Schon Group in 2017 for $5.2 million, were the most expensive franchise at the time. With the addition of Hyderabad and Sialkot, PSL 11 will feature eight teams, marking another milestone in the league’s expansion.
