Multan Sultans’ Michael Bracewell (third from proper) celebrates taking a wicket with teammates throughout their PSL 10 match towards Lahore Qalandars on the Multan Cricket Stadium in Multan on April 22, 2025. — PCB
LAHORE: The Pakistan Cricket Board (PCB) has determined to public sale Pakistan Tremendous League (PSL) franchise Multan Sultans owing to a great value secured within the current public sale of two new groups, the sources stated on Sunday.
The board, final month, had introduced that it will be taking on the management of the Multan Sultans owing to the expiration of its possession settlement on December 31, 2025.
The sources, again then, had stated that underneath the proposed plan, the PCB was to handle the franchise for one 12 months earlier than handing over the franchise to a brand new proprietor by means of an public sale in 2027.
If carried out, the association would save the PCB round $4 million in a 12 months, as it will not should pay $3m from the central pool or an extra $1m in sponsorship funds. Nonetheless, an audit agency’s report notes that the PCB wouldn’t obtain the franchise payment for that 12 months, which stands at $8.5m.
In November, Multan Sultans proprietor Ali Tareen introduced by way of social media that he was parting methods with the PSL franchise. Sources point out that relations between the PCB and Ali Tareen had remained strained over the previous 12 months, finally reaching a degree of no return.
Multan Sultans have been initially awarded because the sixth PSL group to the Schon Group underneath a $5.2m settlement, making it the most costly franchise on the time, double the value of Karachi Kings, which was acquired for $2.6m.
Sources say that the choice to public sale Multan Sultans has been made because the PCB received “a good price” within the current public sale, and the inclusion of two new groups, particularly Hyderabad and Sialkot, is pushing the variety of groups in PSL 11 to eight.
Subsequently, the board believes that there isn’t any higher time to promote Multan Sultans as nicely, and an open bidding can be held with an commercial more likely to be issued quickly on this regard.
An official announcement can be made quickly after reviewing the authorized elements, including sources, saying that the board expects the franchise to be bought for a great value as nicely.
