Multan Sultans have received a fresh valuation of Rs. 140 crore after owner Ali Tareen decided not to renew his PSL contract, opening the door for new buyers ahead of the next seasons.
Ali Tareen stepped away following disagreements over what he called the league’s “poor management.” In an emotional farewell on X, he said owning the Sultans was one of the greatest honors of his life and thanked fans for their constant support.
Ali Tareen’s Message to Fans
Tareen:
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thanked the people of South Punjab for standing with the team
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recalled the pride his late uncle, Alamgir Tareen, had for the franchise
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said he always reminded players to represent their region with courage and hard work
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promised he will still support the team from the stands
He urged fans to keep backing Multan Sultans regardless of who becomes the new owner.
What Happens Now?
With Tareen out, the Sultans franchise is officially open for new ownership. Investors now have a chance to acquire one of PSL’s most popular teams.
Meanwhile, all other franchises — Lahore Qalandars, Islamabad United, Peshawar Zalmi, Karachi Kings, and Quetta Gladiators — have already renewed their long-term agreements with the PSL.
The league will also expand next season with two new teams: Gilgit and Faisalabad, marking PSL’s biggest growth step so far.
