Multan Sultans deal: Who owns PSL’s most valuable team?

Multan Sultans deal: Who owns PSL’s most valuable team?

Historic PSL deal as Multan Sultans sold for Rs2.45 billion after intense bidding war. File photo Multan Sultans were sold for record Rs2.45 billion ahead of PSL 11, showing the league’s rising value and attracting major investor interest.

February, 9 2026

LAHORE (Web Desk): Multan Sultans were sold for record Rs2.45 billion ahead of PSL 11, showing the league’s rising value and attracting major investor interest.

Walee Technologies secured the ownership rights of Multan Sultans with a winning bid of Rs2.45 billion during an official auction conducted by the Pakistan Cricket Board (PCB) in Lahore. The record-breaking deal shows the strong commercial growth of the Pakistan Super League (PSL).

The auction ceremony began with the recitation of the Holy Quran and the national anthem. PSL CEO Salman Naseer welcomed the bidders, while PCB Chairman Mohsin Naqvi officially opened the auction process.

The base price of the franchise was set at Rs1.82 billion. After the announcement, bidders entered an intense bidding competition. The price continued to rise until Walee Technologies made the final and highest offer of Rs2.45 billion, securing ownership of the franchise.

After winning the bid, the new owners received a ceremonial key from PCB Chairman Mohsin Naqvi. They also surprised many fans by announcing plans to shift the team’s city association from Multan to Rawalpindi.

Former owner Ali Tareen, who had controlled the franchise for nearly 10 years, chose not to renew his contract after PSL 10. Following this, PCB temporarily took control of the team and later decided to auction it to attract new investors.

PCB had invited bids through official advertisements and received six applications, out of which five were approved for the auction. The successful bidding reflected growing confidence in PSL’s commercial future.

Speaking after the auction, Mohsin Naqvi said, “Our aim was to take the team to the highest possible price.” He also shared that Prime Minister Shehbaz Sharif called during the auction and expressed happiness over the successful deal.

Naqvi added that some critics had doubted whether the franchise could even reach Rs1 billion in value, but the final price of Rs2.45 billion proved the league’s growing strength.

He further said that PCB’s vision is to turn PSL into not only Pakistan’s biggest cricket event but also a globally recognized league that attracts international players and investors.

This deal shows that PSL is becoming more valuable every year. Investors now trust Pakistan’s cricket market. The record Rs2.45 billion price proves strong business potential. This can help PSL compete with other top cricket leagues in the world.