The Pakistan Super League (PSL) reached a major commercial milestone as the Multan franchise was sold for a record-breaking amount during an auction held in Lahore. Technology firm Walee Technologies successfully acquired the Multan team for PKR 2.45 billion, securing ownership rights for the next 10 years and making it the most expensive franchise in PSL history.
The high-profile auction ceremony took place at the Expo Centre in Lahore and was attended by key figures from Pakistan’s cricketing and business circles. Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi was present at the event, underlining the importance of the sale for the league’s long-term growth and financial sustainability.
High-Profile Auction Draws Cricket and Business Leaders
The auction witnessed the presence of several prominent personalities associated with Pakistan cricket. Former PCB chairman Najam Sethi attended the ceremony, while legendary former Pakistan batsman Zaheer Abbas was also present on the occasion, reflecting the historical and symbolic value of the franchise sale.
Owners of other PSL teams were also seen at the venue. Lahore Qalandars’ co-owners Sameen Rana and Atif Rana participated in the auction proceedings, highlighting the competitive and transparent nature of the bidding process. Their presence added further credibility to the event, which was closely followed by stakeholders across the cricketing community.
Competitive Bidding Pushes Franchise Value to New Heights
According to details shared by the PCB, the auction for the Multan franchise attracted strong interest from the private sector. A total of five bidders took part in the final bidding round after being declared technically qualified. The base price for the franchise had been set at PKR 1.82 billion, already reflecting the rising valuation of PSL teams.
However, competitive bidding quickly pushed the price far beyond the base figure. Walee Technologies eventually emerged as the highest bidder with an offer of PKR 2.45 billion for a 10-year ownership period. This sale not only surpassed previous franchise valuations but also set a new benchmark for the PSL, reinforcing its status as one of the most commercially successful T20 leagues in the region.
PCB Highlights Transparent and Rigorous Process
The PCB emphasized that the auction process was conducted in a transparent and structured manner. According to the board, a total of six proposals were received within the stipulated deadline. After a detailed technical and financial evaluation, five bidders were declared eligible to participate in the auction.
PCB officials stated that the evaluation process was designed to ensure financial stability, professional management capability, and long-term commitment to the league. The strong response from bidders was described as a vote of confidence in the PSL’s brand value, governance model, and future potential.
Background to the Multan Franchise Sale
The decision to auction the Multan franchise followed the refusal of its previous owner, Ali Tareen, to renew the existing 10-year ownership agreement. Ali Tareen had acquired the team in 2018 and rebranded it as Multan Sultans, guiding the franchise to consistent performances, including a PSL title win.
After negotiations over the renewal terms failed, the PCB announced that the franchise would be put up for auction in accordance with league regulations. The move was initially met with speculation and debate, but the eventual outcome appears to have exceeded expectations in terms of financial returns.
Significance for the PSL’s Commercial Future
The record sale of the Multan franchise is being seen as a turning point for the PSL’s commercial landscape. Industry observers believe the high valuation reflects growing confidence among investors in the league’s revenue streams, including broadcasting rights, sponsorships, digital platforms, and on-ground fan engagement.
With a 10-year ownership period secured, Walee Technologies is expected to focus on long-term planning, brand building, and commercial expansion. Stable ownership is considered crucial for improving team performance, developing local talent, and strengthening fan loyalty across southern Punjab and beyond.
Reactions from Cricket Circles and Fans
The auction result sparked widespread discussion on social media and among cricket fans. Many supporters welcomed the record-breaking deal as a sign that the PSL continues to grow despite economic challenges. Analysts also pointed out that the strong bidding could positively influence future franchise valuations and attract more international investment.
Former players and commentators praised the PCB for managing a competitive auction process, while also urging the new owners to maintain the franchise’s existing identity and connection with its fan base.
Looking Ahead
As the PSL continues to expand its global footprint, the sale of the Multan franchise at a historic price sends a strong signal about the league’s upward trajectory. With new ownership in place and a long-term horizon secured, expectations are high that the franchise will continue to play a central role in the PSL’s sporting and commercial success.
The PCB, meanwhile, is expected to leverage this momentum to further strengthen the league’s structure, attract new sponsors, and enhance the overall quality of Pakistan’s premier T20 competition
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