The Sialkot Stallionz, one of the newest teams in the Pakistan Super League (PSL), have sold out twice just weeks before the start of the 11th season.
According to multiple media reports, Gohar Shah’s CD Ventures has acquired a 98% stake in the franchise from OZ Developers, bringing an end, at least for now, to weeks of uncertainty around the team’s ownership.
The PSL season is about to begin on March 26, 2026, and the Stallionz have yet to play their first match.
Initial owners of team
The Stallionz were initially bought by OZ Developers in January for Rs1.85bn, a record amount at the PSL team auction.
Soon after the purchase, reports emerged of disagreements within the ownership group.
Australia’s Alpha Sports Group was earlier announced as a major stakeholder, with claims it would hold a 75% share in the franchise.
However, that arrangement collapsed following a public dispute. Questions were raised about how much control Alpha actually had and whether formal agreements had been completed.
Conflicting claims over shares
The situation became more complicated when Mohammad Shahid, who described himself as a co-owner alongside Hamza Majeed, said he held a 76% majority stake. He accused Majeed of attempting to sell shares without consent or legal approval.
Majeed rejected those claims. He said the allegations were unrelated to the PSL franchise and insisted no formal agreements had been finalised and no payments had been made to the Pakistan Cricket Board (PCB) or PSL authorities.
He also dismissed reports of unauthorised share transfers as “false and baseless”. Despite the public disagreement, the team continued preparations for its debut season.
CD Ventures takes control
Now, reports suggest OZ Developers has sold 98% of its shares in the Stallionz to CD Ventures. The company is said to be led by Gohar Shah, described as a young cricket enthusiast.
While the deal has been widely reported, there has been no detailed public statement from the PSL or PCB confirming the final structure of ownership.
If completed as reported, the transaction would mark the second major shift in ownership linked to the franchise since the January auction.
Is Multan Sultans coming back?
The change in ownership has also led to speculation about the team’s name and identity.
Some fans have suggested the possible return of the Multan Sultans brand, though there has been no official indication that a rebranding is planned.
Any change to a franchise’s name or structure would require approval from the PCB.
The episode has prompted some criticism of the league’s vetting process during the auction stage. However, the PCB has not publicly commented in detail on the internal disputes.
For now, attention is focused on whether CD Ventures will formally confirm its takeover and how the Stallionz will present themselves when PSL 11 begins later this month.
