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LAHORE: Ali Tareen, the previous owner of the Multan Sultans is among the bidders for the new Pakistan Super League (PSL) franchises after the completion of the Pakistan Cricket Board (PCB) technical evaluation.
The auction for the league’s first major expansion will be held on 8 January at the Jinnah Convention Centre in the Federal Capital, Islamabad.
According to media reports, Tareen Group is also among the confirmed bidders in the race for new teams.
Previously, he acquired Multan Sultans in 2018, one of the PSL’s most expensive franchises.
However, due to strained relations with PCB over financial and renewal terms, Tareen decided not to renew the contract, resulting in the board taking over the Multan Sultans.
At the end of 2025, Ali Tareen announced his intention to leave Multan Sultans, making him eligible to bid for one of the new outfits of the tournament.
As per reports, Inverex Group, Karachi-based VGO TEL, and the OZ Group are also among the bidders to buy the new teams in PSL.
Once successful bidders are confirmed, they will have the opportunity to select a home city from the PCB’s approved list, which includes Faisalabad, Rawalpindi, Hyderabad, Sialkot, Muzaffarabad, and Gilgit.
It is pertinent to mention that the Pakistan Super League, which began in 2016 with five outfits, is set to expand with the addition of two new teams.
Notably, the league expanded to five teams in 2018 with the addition of Multan Sultans. With the addition of two new franchises, the league will undergo its first major restructuring in seven years, taking the total to eight teams.
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