Reports suggest the controversy began when OZ group bankrupt claims emerged soon after the company acquired Sialkot Stallionz, raising concerns just weeks before PSL 11 kicks off.

According to details, OZ group bankrupt reports surfaced a month before the team’s debut season in the PSL 11. The group had secured the eighth franchise of the Pakistan Super League with a winning bid of Rs1,850,000,000 at the January 8 auction. The franchise was later named Sialkot Stallionz for its first appearance in PSL 11.

Sources say OZ group bankrupt concerns deepened after the company sold 98 percent of its shares in Sialkot Stallionz to CD Ventures, owned by businessman Gohar Shah. The development has raised serious questions about financial backing as PSL 11 prepares to expand to eight teams.

So far, OZ group bankrupt claims have not been officially addressed by the company. Meanwhile, Sialkot Stallionz is still scheduled to play its maiden season when PSL 11 begins on March 26 and concludes on May 3.

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This season of PSL 11 will be historic, featuring eight teams for the first time, with Sialkot Stallionz and Hyderabad making their league debuts. Earlier changes, including franchise reshuffles and the league’s first-ever player auction, have already kept PSL 11 in the spotlight.