The Pakistan Super League (PSL) witnessed a historic moment as the Multan Sultans franchise was sold for a record Rs2.45 billion, becoming the most expensive team in the league’s history ahead of PSL 11. The landmark deal reflects the growing commercial strength and global appeal of Pakistan’s premier T20 tournament.
The Pakistan Cricket Board (PCB) conducted the auction in Lahore, attracting strong interest from multiple business groups. After intense bidding, Walee Technologies secured ownership by surpassing the base price and all competing offers.
Competitive Bidding at Lahore Auction
The PCB had set a base price of Rs 1.82 bn for the franchise, but the final bid significantly exceeded expectations. Several investors participated in the process, highlighting increased confidence in the PSL’s long-term value.
PCB Chairman Mohsin Naqvi termed the outcome a major success, stating that the franchise achieved the highest possible valuation. He added that the deal demonstrated how far the PSL has progressed as a commercial and sporting brand since its launch.
Walee Technologies Takes Over Ownership
Following the successful bid, Walee Technologies officially became the new owner of the franchise. The company’s leadership described the acquisition as a long-term investment in Pakistan cricket, emphasizing plans to strengthen fan engagement and commercial growth.
CEO Ahsan Tahir expressed optimism about the future, noting that the franchise would play a key role in expanding PSL’s digital and international reach.
Franchise to Be Renamed Rawalpindi
In a major development, the new owners announced they will rename the team Rawalpindi ahead of the upcoming season. The decision marks the end of the Multan Sultans’ identity and signals a fresh chapter under new management.
Rawalpindi fans will strongly connect with the rebranding, as the city boasts deep cricketing roots and passionate support. The rebranding will strongly connect with Rawalpindi fans, a city known for deep cricketing roots and passionate support.
What This Means for PSL 11
The record-breaking sale is a strong indicator of the PSL’s rising market value and investor confidence. Higher franchise valuations will attract better sponsorships, improve infrastructure, and provide enhanced opportunities for players in the league.
As PSL 11 preparations continue, Multan Sultans’ Rs2.45bn sale marks a milestone, highlighting the league’s rise as a T20 competition.
