US EditionPSL Team Auction: Walee group buys Multan franchise for record fee of Rs2.45b
Walee Technologies acquired the franchise for Rs2.45 billion, surpassing the Rs1.82 billion base price, and will rename the team to Rawalpindi ahead of PSL 11.
- On Monday, the Pakistan Super League franchise Multan Sultans was sold to Walee Technologies in Lahore for Rs2.45 billion ahead of PSL 11.
- Following the PCB's temporary takeover, the board invited bids last month after Ali Tareen decided against renewing his decade-long ownership, with a January 30 deadline for proposals.
- Moderator Sidra Iqbal then listed the rules while auctioneer Fakhre Alam revealed a base price of Rs1.82 billion, and PSL CEO Salman Naseer welcomed the five qualified bidders.
- Walee CEO Ahsan Tahir announced the rebrand to Rawalpindi, and representatives received a key from PCB chairman Mohsin Naqvi during the auction today.
- PCB officials said the sale increases franchise value and supports plans to bring more international players, while Walee Technologies’ existing livestreaming rights position it strategically within the PSL's commercial ecosystem.
14 Articles
14 Articles
PSL Team Auction: Walee group buys Multan franchise for record fee of Rs2.45b
Walee Technologies purchased the former Multan franchise at the Pakistan Super League (PSL) auction for a record Rs2.45 billion on Monday, with the new owners confirming the team would be renamed Rawalpindi ahead of the upcoming PSL 11 season. The highly anticipated PSL franchise auction took place at the Expo Centre Lahore, marking a significant moment in the league’s history as franchise valuations reached new highs under the revised ownership…
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Pakistan Live NewsMultan Sultans sold for record Rs2.45bn ahead of PSL 11
PCB had set base price of franchise at Rs1.82bn.PCB chief says some doubted team could fetch Rs1bn.Mohsin Naqvi vows to make PSL global event.The Pakistan Super League franchise Multan Sultans was sold for a staggering Rs2.45 billion at an...
Multan Sultan’s PSL exit: New owner and record sale price unveiled after rebranding to Rawalpindi
The landscape of the Pakistan Super League has undergone a tectonic shift as the iconic Multan Sultans franchise officially played its final innings on February 9, 2026. Following an intense, high-stakes auction in Lahore, the franchise was sold for a sum that has shattered all previous league records, marking a... Read full article at CricketTimes.com
Multan Sultans sold for record Rs2.45b
Ahead of PSL 11 Winning bidder Walee Technologies announces changing franchise name to Rawalpindi Lahore The Pakistan Super League (PSL) franchise Multan Sultans was sold for a staggering Rs2.45 billion at an auction conducted by the Pakistan Cricket Board (PCB) on Monday. Walee Technologies bought the rights for the franchise for Rs2.45 billion in a […]
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