Overview
- At a joint press conference in Lahore, PSL CEO Salman Naseer, franchise owner Hamza Majeed and CD Ventures’ Gohar Shah announced the rebrand from Sialkot Stallionz to Multan Sultans.
- PCB and PSL approved the name change at Shah’s request, and he will serve as the franchise’s chief executive.
- The franchise’s annual valuation/payment was raised to PKR 2 billion, up from the PKR 1.85 billion bid OZ Developers made in January.
- OZ Developers retains a minority stake due to PCB rules that prevent a full ownership transfer within three years, with CD Ventures holding the majority.
- Team representatives pledged to retain elements of the Stallionz identity and arrange transport for Sialkot fans, while noting the Multan name’s return follows the earlier sale and relocation of the original Multan franchise to Rawalpindi.