Breaking News: Multan Sultans Sold for Record Rs 2.45 Billion Ahead of PSL 11

The Pakistan Super League (PSL) franchise Multan Sultans has been sold for a record-breaking Rs 2.45 billion, making it one of the biggest franchise deals in PSL history. The auction was conducted by the Pakistan Cricket Board (PCB) on Monday, February 09, 2026, in Lahore, ahead of PSL Season 11.

This historic sale shows the growing commercial value of the PSL and strong confidence of investors in Pakistan cricket.

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PSL Franchise Auction: How the Deal Happened

The auction ceremony started in a formal manner with the recitation of the Holy Quran, followed by the national anthem. The event was attended by top PCB officials, franchise bidders, and media representatives.

Key highlights of the auction process:

PCB had set the base price at Rs 1.82 billion
Five bidders were shortlisted after technical evaluation
A competitive bidding war took place
Final winning bid reached Rs 2.45 billion

The winning bid exceeded expectations and surprised many critics who earlier doubted the franchise could even cross Rs 1 billion.

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Walee Technologies Becomes New Owner of Multan Sultans

Walee Technologies emerged as the winning bidder and officially acquired the ownership rights of Multan Sultans for the next PSL cycle.

Important announcements by the new owners:

Franchise purchased for Rs 2.45 billion
Ownership transferred from PCB to Walee Technologies
Announcement made to change the franchise name from Multan to Rawalpindi

After the successful bid, PCB Chairman Mohsin Naqvi handed over the symbolic franchise key to the representatives of Walee Technologies.

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Background: Why Multan Sultans Were Auctioned

Multan Sultans were previously owned by Ali Tareen, who chose not to renew the ownership contract after PSL 10. Following this decision:

PCB temporarily took control of the franchise
Initially planned to manage the team for PSL 11
Later decided to auction the franchise openly

PCB issued a public advertisement last month inviting bids. Six companies submitted proposals, out of which five qualified for the final auction.

PCB Chairman Mohsin Naqvi on PSL Growth

PCB Chairman Mohsin Naqvi praised the success of the auction and called it a milestone for Pakistan cricket.

Key points from his media talk:

Months of preparation went into the auction
Prime Minister Shehbaz Sharif personally called during the event and appreciated the outcome
Critics who doubted PSL’s value have been proven wrong
PSL is moving towards becoming a global cricket league

He also credited the vision of former PCB Chairman Najam Sethi, saying PSL’s value and international recognition have grown significantly.

What This Means for PSL 11 and Pakistan Cricket

The record sale of Multan Sultans reflects the increasing popularity and financial strength of the PSL.

Major impacts include:

Strong investor confidence in PSL
More international players likely to participate
Better production, marketing, and fan engagement
PSL moving closer to global leagues like IPL and BBL

PSL 11 is scheduled to run from March 26 to May 3, 2026, and expectations are already high after this landmark auction.

Conclusion

The sale of Multan Sultans for Rs 2.45 billion marks a historic moment for the Pakistan Super League. It proves that PSL has evolved into a powerful and valuable sports brand. With new ownership, a possible city name change, and PCB’s vision to globalize the league, PSL 11 is set to be bigger, stronger, and more competitive than ever before.