An advertisement was issued by the Pakistan Cricket Board (PCB) on January 14 for the sale of the Multan Sultans Franchise.
According to the sources, the PCB has invited interested parties to submit bids for the Multan team. The parties who are interested may place bids for the rights of the Multan Sultans franchise.
January 30 is the deadline for the submission of documents for technical proposals. The bidders who will be technically qualified will proceed to the next stage.
The bid will be taking place on January 30.
Initially for PSL 11 the intention of PCB was to operationalise the Multan Sultans themselves.
Due to the robust interests from investors to acquire two Pakistani PSL franchises the Pakistan Cricket Board (PCB) has decided to auction the Multan Sultans. The team will be sold on an open bidding basis.
It is worth noting that the valuation of Pakistan Super League (PSL) has seen a major leap with the addition of these two new franchises which were sold in total for Rs3.6 billion at high-profile auction.
The new franchises were bought by the FKS Group and OZ Developers at Rs1.75 billion and Rs1.85 billion respectively.
The total fees of the newly added teams have served to be Rs3.6 billion a year, which represents a 34% increase over the total worth of the first five PSL franchises, i.e. Lahore Qalandars, Karachi Kings, Islamabad United, Peshawar Zalmi and Quetta Gladiators, which now stands at Rs2.64 billion.
Among the original franchises, Islamabad United has the highest annual fee at Rs780 million, followed by the Qalandars at Rs670 million with the Kings, Zalmi and Gladiators paying Rs640 million, Rs490 million and Rs380 million respectively.
PSL 2026 to be played from March 26 to May 3 and for the first time the tournament will have 8 teams.
Also read: Multan Sultans up for auction before PSL 11?
