Pakistan Cricket Board (PCB) has officially opened bidding for the rights to the Multan Sultans franchise, inviting interested parties to acquire one of the most established teams of the Pakistan Super League (PSL).
PCB announced the opportunity through a newspaper advertisement, inviting proposals from prospective investors who wish to acquire the franchise rights for Multan.
The deadline for submission of technical proposals is January 30 at 3:00 pm, with the opening scheduled for 3:30 pm on the same day. Only technically qualified bidders will advance to the next stage of the process.
The move comes shortly after PCB successfully auctioned two new PSL franchises on January 8.
The Kingsmen Group (FKS) secured the Hyderabad franchise for PKR 1.75 billion, while OZ Developers acquired the Sialkot franchise for a record PKR 1.85 billion at the Jinnah Convention Centre in Islamabad.
Ten bidders initially registered for that auction, though the Ali Tareen Group withdrew just before bidding began, leaving nine groups to compete for the two spots.
The eleventh edition of PSL will feature eight teams for the first time, with Hyderabad and Sialkot joining the existing lineup alongside Multan.
PCB highlighted Multan’s established presence in the league since the tournament’s third edition in 2018, describing it as “a compelling opportunity for investors to build on its legacy and take team Multan to unprecedented heights.”
According to the PCB, prospective bidders can obtain detailed bid documents from the board ahead of the January 30 deadline.