The journey of\u00a0Multan Sultans\u00a0with the Pakistan Super League (PSL) has officially come to an end.
\nThe former owners have lost not only the team but also its official social media accounts and website, losing access to more than 3.5 million followers in total.
\nAccording to details, after the former owner\u2019s harsh statements and the public act of tearing up a PCB notice, the possibility of reconciliation between the PCB and Multan Sultans disappeared completely. Therefore, unlike other PSL franchises, no renewal offer was extended to the Sultans.
\nInstead of terminating the contract immediately, the\u00a0PCB\u00a0waited until December 31, after which the franchise agreement officially expired. For this year\u2019s tournament, the PCB will handle all team operations itself, after which the team will be sold. The new owners will have the option to keep the name \u201cMultan Sultans\u201d or choose a new identity.
\nOwnership rights also include all social media accounts and the official website, which the previous owners have now lost. Currently, Multan Sultans\u2019 digital following includes: 1.7 million on Facebook, 774,000 on X (Twitter), 576,000 on Instagram, and 506,000 on TikTok.
\nThis marks the second time that the Multan Sultans franchise has lost its ownership. Interestingly, Ali Tareen, who walked away from the franchise with an annual fee of PKR 1.08 billion, is now participating in the bidding for the seventh and eighth PSL teams, whose franchise fees could exceed PKR 1.5 billion.
\nSources suggest that despite the increased valuation, the former owners could have retained Multan Sultans for a lower fee, but perhaps they believed that the PCB would bar them from bidding. However, Chairman Mohsin Naqvi personally welcomed their participation. Now, the former owners find themselves in a difficult position.
\nThe auction scheduled for January 8 will see participation from several major parties, which could significantly drive up the bidding price. On the other hand, some \u00a0companies have joined the process mainly for publicity in social media , rather than actual franchise ownership.
\nSpending PKR 2 billion annually to manage a team may be beyond their capacity, but participating in the bidding and creating online buzz helps enhance their public profile. For this purpose, they only need to spend around USD 20,000, while the USD 200,000 security deposit will be refunded if they fail to win the bid.<\/p>\n","protected":false},"excerpt":{"rendered":"
The journey of\u00a0Multan Sultans\u00a0with the Pakistan Super League (PSL) has officially come to an end. The former owners have lost not only the team but also its official social media accounts and website, losing access to more than 3.5 million followers in total. According to details, after the former owner\u2019s harsh statements and the public …<\/p>\n","protected":false},"author":1,"featured_media":617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sport"],"_links":{"self":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=615"}],"version-history":[{"count":1,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/615\/revisions"}],"predecessor-version":[{"id":618,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/posts\/615\/revisions\/618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=\/wp\/v2\/media\/617"}],"wp:attachment":[{"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistantimesusa.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}