Multan Sultans Sale 5 Big Changes as PSL Franchise Becomes Rawalpindi Team
Multan Sultans sale marked a historic moment in Pakistan Super League history after the franchise was sold for a record valuation and rebranded, effectively ending Multan’s nine-year presence in the league. The auction outcome underlined the PSL’s growing commercial appeal while triggering major structural and regional changes ahead of the league’s 11th edition.The Multan Sultans sale saw fintech firm Walee Technologies acquire the franchise at an unprecedented annual fee, reshaping the league’s landscape and sparking debate among fans and stakeholders.
Multan Sultans Sale Breaks PSL Valuation Record
The Multan Sultans sale concluded with Walee Technologies purchasing the franchise for an annual fee of PKR 2.45 billion, the highest valuation in PSL history. The bidding began at PKR 1.82 billion and quickly escalated, surpassing previous records set during recent PSL expansion auctions.
Two other groups, CD Ventures and Particle Igniter, were involved in the bidding process, but Walee Technologies ultimately emerged as the successful bidder. The record-breaking Multan Sultans sale reflected rising investor confidence in the PSL’s long-term commercial prospects.
Franchise to Be Renamed and Relocated to Rawalpindi
One of the most significant outcomes of the Multan Sultans sale was the decision to rename and relocate the franchise. The new owners announced that the team would no longer represent Multan and would instead be rebranded as a Rawalpindi-based franchise.
This move effectively ends Multan Sultans as a regional identity and results in Rawalpindi Cricket Ground becoming the home venue for two PSL teams, including Islamabad United. The decision has drawn attention to regional representation and fan loyalty within the league.
South Punjab Left Without a PSL Team
The Multan Sultans sale has left the South Punjab region without a PSL franchise for the first time in nine years. Since joining the league, Multan had built a strong fan base, winning one PSL title and reaching three additional finals.
The relocation has disappointed supporters in the region, who viewed the franchise as a key symbol of representation in Pakistan’s premier T20 competition. The loss highlights the emotional impact that franchise decisions can have beyond commercial considerations.
Ownership Change After Ali Tareen Exit
The Multan Sultans sale followed the departure of former owner Ali Tareen, who opted not to renew his agreement after PSL 10. Tareen had acquired the franchise in 2018 and was instrumental in building it into a competitive side.
Despite qualifying as a bidder in the auction, Tareen chose not to participate actively, citing concerns over escalating franchise valuations. His absence paved the way for new ownership and the dramatic changes that followed the Multan Sultans sale.
PSL Expansion Context Behind the Multan Sultans Sale
The Multan Sultans sale comes during a period of expansion for the Pakistan Super League. The PCB has confirmed that PSL 11 will feature eight teams, with Hyderabad and Sialkot joining the competition.
The upcoming season will also introduce a new squad-building system, with player auctions replacing the traditional draft format. Notably, the franchise did not retain any players from its previous squad, opting instead to build a new team through auctions and direct signings.
PCB Reaction to the Multan Sultans Sale
PCB chairman Mohsin Naqvi described the Multan Sultans sale as a significant milestone for the league. He noted that the franchise had previously struggled to attract buyers at much lower valuations, making the record figure a clear indicator of the PSL’s growing stature.
Naqvi emphasised that the sale demonstrates increasing investor confidence and reinforces the league’s position as one of the most valuable T20 tournaments in the region.
Commercial Impact of the Multan Sultans Sale
From a business perspective, the Multan Sultans sale strengthens the PSL’s financial foundation. Higher franchise fees contribute to improved revenue distribution, infrastructure investment, and long-term sustainability of the league.
The sale also signals that corporate interest in cricket franchises remains strong, even amid broader economic challenges. This trend is likely to influence future PSL valuations and expansion strategies.
What the Multan Sultans Sale Means for PSL Fans
For fans, the Multan Sultans sale delivers mixed emotions. While the record valuation showcases the league’s growth, the loss of a regional identity raises questions about fan engagement and loyalty.
Supporters in Rawalpindi will gain a new team to follow, while South Punjab fans face the reality of losing their franchise presence. How the PCB addresses regional balance in future expansions may shape the league’s long-term popularity.
Looking Ahead After the Multan Sultans Sale
As the PSL prepares for its 11th season, the Multan Sultans sale stands as a defining moment in the league’s evolution. The shift to auctions, expansion to eight teams, and rising franchise values point to a new era for Pakistan’s premier T20 competition.
While the rebranding decision may remain controversial, the Multan Sultans sale underscores the PSL’s growing commercial strength and sets the stage for further transformation in the seasons ahead.
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