The Pakistan Cricket Board (PCB) has officially announced the auction date for the Multan Sultans franchise ahead of the 11th season of the Pakistan Super League (PSL). The development marks a significant moment for the country’s flagship T20 tournament, as one of its most competitive teams prepares for a change in ownership.
According to PSL officials, the franchise auction will take place on 9 February in Lahore. The event will determine the future owners of the Multan-based team, following the end of its previous ownership agreement.
Auction to Be Held in Lahore
The PCB confirmed that the auction will be conducted in Lahore, where selected bidders will compete for the franchise ownership rights. A total of five bidders have been approved to participate in the process.
These bidders were shortlisted by the PCB’s Bid Evaluation Committee after a detailed review. The committee assessed each proposal based on financial strength and technical criteria. Transparency, officials said, remained central to the process.
Initially, the PCB received six proposals within the stipulated deadline. After careful scrutiny, five bidders were declared technically qualified. As a result, they will now take part in the formal auction.
Strong Interest in Multan Sultans
The PCB’s confirmation highlights sustained commercial interest in the PSL. Despite economic challenges facing sports markets globally, interest in PSL franchises remains strong.
Multan Sultans have emerged as one of the league’s most successful teams in recent years. Since joining the PSL in 2018, the franchise has reached multiple finals and won its maiden title in 2021. This consistent performance has increased its brand value.
Moreover, the team represents South Punjab, a region with a large and passionate cricket fan base. That regional appeal is seen as a key factor attracting bidders.
Background: Why the Franchise Is Up for Auction
The auction follows the decision by Ali Tareen, the former owner of Multan Sultans, not to renew the franchise’s 10-year ownership agreement. His refusal prompted the PCB to reclaim the franchise rights.
Subsequently, the board announced a fresh auction in line with PSL regulations. Under league rules, franchises are owned on fixed-term agreements, subject to renewal under mutually agreed conditions.
The PCB has not disclosed the financial terms of the upcoming auction. However, previous franchise valuations suggest significant investment is required. When Multan Sultans were first sold in 2017, they reportedly became the most expensive PSL franchise at the time.
Importance for PSL Season 11
The ownership transition comes at a crucial stage for the PSL. Season 11 is expected to build on the league’s growing international profile. The PSL, launched in 2016, has become one of the world’s leading T20 leagues.
In recent seasons, the tournament has attracted top international players and broadcasters. It has also played a key role in reviving international cricket in Pakistan.
Therefore, stability at the franchise level remains a priority for the PCB. Officials believe a transparent auction will strengthen investor confidence and ensure long-term sustainability.
What Happens Next
Following the auction, the winning bidder will be awarded ownership rights under the PCB’s franchise agreement. The new owners will then oversee team operations, branding, and commercial activities.
Meanwhile, cricket fans will closely watch the outcome. Ownership changes can influence team strategy, management, and player retention.
As PSL Season 11 approaches, the Multan Sultans auction represents more than a business transaction. It reflects the league’s evolution and its growing importance in global cricket.
The PCB has stated that further details will be shared after the auction concludes. Until then, anticipation continues to build around one of the PSL’s most high-profile franchises.
