The Multan Sultans franchise has been reportedly valued at Rs. 140 crore following a fresh assessment, after its former owner, Ali Tareen, decided not to renew his contract with the Pakistan Super League (PSL).
Tareen’s decision came amid disagreements with league organizers over what he described as the “poor management” of the tournament.
In a heartfelt message shared on X, Ali Tareen reflected on his journey with the team, describing it as one of the greatest honors of his life. He expressed deep gratitude to the team’s fans and emphasized the significance of representing South Punjab.
Tareen also paid tribute to his late uncle, Alamgir Tareen, noting how he took pride in the team’s representation of South Punjab. He recalled encouraging players and staff to honor the resilience and hard work of their community.
He concluded by urging fans to continue supporting the team, regardless of who assumes ownership next, promising that he would remain in the stands cheering for the Sultans.
With Tareen stepping aside, the Multan Sultans franchise is now open for new ownership, providing an opportunity for investors to acquire the team ahead of the upcoming PSL seasons. Other PSL franchises, including three-time champions Lahore Qalandars, Islamabad United, Peshawar Zalmi, Karachi Kings, and Quetta Gladiators, have already signed contract extensions with the league.
The next PSL season will also feature two new franchises based in Gilgit and Faisalabad, expanding the tournament’s footprint and continuing the league’s growth across Pakistan.
