LIVE: bidding starts for ownership rights of PSL’s Multan Sultans

Multan Sultans has been sold for a high price of Rs2.45 billion to Walee Technologies on Monday.

Walee Technologies, or Walee Tech, is a prominent Pakistani MarTech (Marketing Technology) and FinTech group. The company provides an AI driven ecosystem for creators, brands, and agencies.

🚨 MOST EXPENSIVE TEAM IN HBL PSL HISTORY 🚨

Team Multan is sold for a record PKR 2️⃣4️⃣5️⃣ crore 🥳

Watch LIVE: https://t.co/qoi3S0Ynkt #HBLPSL | #NewEra pic.twitter.com/xoVDEply1T

— PakistanSuperLeague (@thePSLt20) February 9, 2026

The bidding for ownership rights of the Pakistan Super League franchise, Multan Sultans, has started on Monday.

According to the reports, the five bidders for Multan Sultans are the Tareen Group, Aim Next, Walee Technologies, CD Ventures, and Particle Igniter.

PSL 11 is expected to start on March 26, 2026. Rs 182 crore has been set as the base price for the bid.

The bidder who wins the franchise’s ownership will own it for the next ten years.

Base Price for the HBL PSL Multan Team Auction 2026 🚨

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— PakistanSuperLeague (@thePSLt20) February 9, 2026

Multan Sultans get a new name

The new owners of the team, Walee Tech, have announced that they will be going for a new city to name the team. They suggested the name Rawalpindi.

Walee Tech wins: How much was Multan Sultans auctioned for?

Walee Tech won Multan Sultans for a high price of Rs2,45,00,00,000 or 245 crore rupees. This has made Multan Sultans the most expensive franchise of the PSL.

Additionally, Ali Tareen ‘backed out’ of the bidding process and did not participate, according to reports.

Aim Next steps out

Aim Next has stepped out of the bidding process. According to the reports, they stepped out because it is ‘too much’.

Sialkot Stallionz sold before start of PSL 11

The Sialkot Stallionz were sold before the start of the PSL. OZ Developers sold the Sialkot Stallionz franchise to the Alpha Group.

Former fast bowler Wasim Akram is also a partner in the Alpha Group.

Ali Tareen asks fans to keep ‘realistic expectations’

Former Multan Sultans owner Ali Tareen has said he will not spend any amount to take back the franchise at the upcoming auction on February 9.

Tareen is one of the five bidders approved by the Pakistan Cricket Board (PCB) bid committee. He shared a video on the social media platform Instagram to confirm that he will take part in the auction.

“Hey guys, so tomorrow is Multan Sultans’ auction, and I want to make this video just so everyone understands where my mind’s at, what’s the mindset,” he said.

“We have submitted our papers, and we are one of the qualified bidders for the team,” Tareen further added in the video message.

“But I want everyone to have more realistic expectations and temper their expectations. Because it’s not a given that tomorrow I will go to Multan Sultan at any cost. It has been a privilege to own Multan Sultans for seven years. We’ve been part of it. It’s been one of the highlights of my life,” he stated.

“But now, to go in with the expectation that I’m going to go into a bidding war or I’m going to buy it at any cost, this is not the case. I love PSL, I love being part of it, whether I’m in the stands or in the dugout, I’m equally happy. Maybe I’m a little happier being in the dugout,” Tareen said.

“If we are getting the team at a good price, then definitely we will buy it. But buying at any cost, this is not the plan,” he added.