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The Pakistan Cricket Board (PCB) has formally initiated the process to sell the ownership rights of Pakistan Super League (PSL) franchise Multan Sultans, issuing an advertisement, inviting interested parties to submit their bids for the auction.
The PCB confirmed that bids are being sought for the franchise rights of the 2021 PSL champions. The deadline for submitting documents for the technical proposal has been set for January 30.
Only bidders who meet the technical requirements will advance to the next phase of the bidding process.
The development follows the departure of Multan Sultans’ former owner Ali Tareen, who announced in November that he was stepping away from the franchise.
Sources had indicated that relations between Tareen and the PCB had been strained for over a year, eventually reaching a point of no return.
Subsequently, PCB chairman Mohsin Naqvi revealed that the board would take control of the franchise following the expiry of the existing ownership agreement on December 31, 2025.
The initial plan was for the PCB to operate the team for a year before auctioning it in 2027.
However, the timeline appears to have been brought forward after the successful auction of two new PSL franchises.
Strong valuations achieved in the recent auction are understood to have encouraged the PCB to proceed with the sale of Multan Sultans earlier than planned.
The landmark auction, held at the Jinnah Convention Centre, saw FKS Group and OZ Developers acquire the newly added franchises from Hyderabad and Sialkot for Rs1.75 billion and Rs1.85 billion, respectively, expanding the PSL to eight teams from season 11.
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