The Pakistan Cricket Board (PCB) is set to sell Multan Sultans, expected to fetch over 2 billion rupees. Several foreign parties have shown strong interest in acquiring the team. The former owner has also expressed a desire to reclaim the franchise.
The contract with Multan Sultans was not renewed after disagreements between the PCB and the previous owner. Initially, the PCB planned to manage the team itself in the 11th edition of the league. However, after high-value sales of Hyderabad and Sialkot franchises, the board decided to auction Multan Sultans.
Read more: 30 Jan last date for submitting proposals for Multan Sultans
The Hyderabad franchise was sold for 1.75 billion rupees and Sialkot for 1.85 billion rupees as annual fees. The PCB recently issued an advertisement for Multan Sultans, with technical bid submissions closing today. Two companies reportedly offered up to 2 billion rupees for the franchise.
The former owner attempted to reclaim the team for 1.35 billion rupees but was informed that ownership had officially ended. He could only buy the team again by submitting the highest bid during the auction. His public reaction included a sarcastic tweet expressing frustration over the process.
Read more: PSL 2026: Multan Sultans open for bids
The PCB confirmed that the new owner of Multan Sultans will be revealed in the coming days. Previously, the annual franchise fee for the team was around 1.08 billion rupees. The auction follows a growing trend of high-value franchise sales in the league.