Overview
- Multiple reports say CD Ventures has agreed to acquire roughly 98% of Sialkot Stallionz, with final PCB approvals and a formal announcement still pending.
- OZ Group, the original winning bidder in January, faced partner withdrawals, a delayed bank guarantee, and continued difficulty paying the franchise fee.
- PSL regulations prohibit a full ownership transfer within the first three years, positioning the incoming group as a strategic partner rather than outright owner.
- PCB due diligence reportedly uncovered a prior bankruptcy linked to an existing owner, intensifying questions over bidder vetting.
- Management turnover has accelerated, with Wasim Akram confirming he is not the franchise president and Kamil Khan stepping away after early cricket operations moves.