PSL 2026: PCB seeks bidders for Multan Sultans franchise

In a major development ahead of the Pakistan Super League(PSL) 2026, the Pakistan Cricket Board (PCB) has officially put the Multan Sultans franchise up for sale, opening the door for a new ownership takeover ahead of the expanded eight-team tournament.

Interestingly, the decision has come after the successful sale of two new PSL teams, based in Hyderabad and Sialkot, which reportedly fetched high franchise values last week, encouraging the PCB to capitalize further on growing investor interest. It is said that the PCB did not expect the valuation of the newly included franchises would be this high.

Unlike the two new sides, Multan Sultans is an established PSL outfit, having competed in eight seasons and clinched the title in 2021, making it one of the league’s most recognized brands. Earlier, the PCB was willing to run the Multan franchise in this year’s PSL, but with a potential record-breaking sale of the franchise, the board is now exploring external takeover. The two new teams were sold at a combined price of USD 12.75 million (approximately INR 114 crore).

Senior PCB officials and PSL management are understood to have supported the proposal, which only awaits final confirmation before formal bidding begins. With the momentum generated by the recent auction results, the board is optimistic that the Multan franchise, too, could attract strong offers and potentially command a premium price.

Ali Khan Tareen ready to buy the side back 

This comes amid drama in the ownership ranks, with former Multan Sultans owner Ali Khan Tareen stepping away from the recent auction process for the new teams, despite earlier interest. He was expected to play a major part in the auction, but decided to back out last minute. 

Tareen, who was the owner when the Sultans made it to their first title and multiple finals, had confirmed his absence from the bid for fresh franchises, saying his association with the club was rooted in representing South Punjab, a region close to his heart. In his message, Tareen explained that his journey with the PSL was never only about business or team ownership, but had a deeper connection.

In his recent social media post ahead of the franchise auction event, he had explained that he will be open to buying the Multan side, if he gets an opportunity. As a result, the stars have aligned, making it interesting to see who will actually own the side ahead of the upcoming season of the cash-rich tournament, beginning in April 2026.