The Pakistan Cricket Board (PCB) is expected to receive more than Rs. 2 billion from the sale of the Multan Sultans franchise, as strong interest has emerged from both local and international investors ahead of the upcoming auction.
According to sources, several potential buyers have already shown serious interest even before the formal bidding process begins. The former owners of Multan Sultans have also expressed a desire to regain ownership of the team, adding further competition to the auction.
Background of Ownership Dispute
Earlier, the franchise agreement was not extended due to financial and administrative disputes between the PCB and the previous owners. As a result, the board initially decided to manage the team itself for PSL 11. However, following the successful sale of two new franchises at high prices, the PCB revised its strategy and opted to sell Multan Sultans as well.
Hyderabad was sold for Rs. 1.75 billion, while Sialkot secured a franchise at an annual fee of Rs. 1.85 billion. Encouraged by these figures, the PCB advertised Multan Sultans for sale, with technical bids due by Friday.
Strong Competition Expected in Auction
Sources indicate that at least two companies are prepared to bid up to Rs. 2 billion for the franchise. The final price will be determined through a competitive auction process.
The former owners had earlier participated in bidding for new teams but were required to clear outstanding dues before qualifying. After depositing the amount, they later withdrew minutes before the auction.
They later requested the PCB to return the franchise for Rs. 1.35 billion, claiming prior ownership rights. However, PCB officials rejected the proposal, stating that the only way to reclaim the team is through the open auction.
PCB Defends Decision to Sell Franchise
Some stakeholders questioned why the PCB decided to sell Multan Sultans after previously planning to operate it independently. In response, board officials maintained that the auction process ensures transparency and maximizes financial returns.
The identity of the new Multan Sultans owner is expected to be announced in the coming days. Previously, the franchise’s annual fee stood at around Rs. 1.08 billion, highlighting the sharp rise in its market value.
