Multan Sultans Sold for Rs 24.5 Billion in PSL Franchise Auction

Multan Sultans have been sold for Rs 24.5 billion in the Pakistan Super League franchise auction. The deal grants 10 year ownership rights to Walee Technology after a competitive bidding process overseen by the PCB, following the previous owner decision not to renew the agreement.

Multan Sultans franchise sold during the Pakistan Super League auction in Lahore
Image Source: Instagram/@thepsl —Edited & Modified by Us

The Pakistan Super League (PSL) franchise Multan Sultans has officially been sold for Rs 24.5 billion for a 10 year ownership period. The franchise was acquired by Walee Technology after a competitive and transparent auction process conducted by the Pakistan Cricket Board (PCB).

This development marks a major shift for the PSL as the franchise enters a new era under fresh ownership, with reports suggesting the team may also be rebranded with a name linked to Rawalpindi.

PCB Conducts Transparent Bidding Process

According to the PCB, a total of six proposals were received within the specified deadline. After a thorough technical and financial evaluation, five bidders were declared technically qualified and allowed to participate in the final auction.

The base price for Multan Sultans was set at Rs 18.2 billion, while the final winning bid reached Rs 24.5 billion, making it one of the most valuable franchise deals in PSL history.

This process reflects the PCB commitment to transparency and long term sustainability of the league.

Prominent Cricket Figures Attend the Auction

The auction ceremony, held at the Expo Centre Lahore, was attended by several high profile figures from Pakistan cricket.

Former PCB Chairman Najam Sethi was present at the event, along with legendary Pakistani batsman Zaheer Abbas, who attended specifically for the Multan Sultans auction. Owners of Lahore Qalandars, Sameen Rana and Atif Rana, were also among the notable attendees.

Their presence highlighted the importance of the event and the growing commercial strength of the Pakistan Super League.

Why Multan Sultans Were Put Up for Sale

The franchise became available after former owner Ali Tareen declined to renew the existing 10 year ownership agreement. Following this decision, the PCB formally announced the auction and invited bids from interested parties.

The successful sale ensures continuity for the team and reinforces investor confidence in the PSL future.

What This Means for PSL Future

The sale of Multan Sultans for Rs 24.5 billion demonstrates the increasing brand value of the PSL both domestically and internationally. Long term ownership deals provide financial stability, allow teams to invest in infrastructure, player development, and fan engagement, and strengthen the league global standing.

With new ownership and potential rebranding, fans can expect strategic changes aimed at expanding the franchise reach and competitiveness.

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