Former PSL franchise Multan Sultans was suspended after the previous owner Ali Tareen did not renew his contract and did not bid for the team. A new franchise was bought by Walee technologies for an annual franchise fee of PKR 2.45 billion, the highest valuation of any side in the league and they named the franchise as Sialktot Stallionz. This effectively meant that Multan Sultans were no longer part of PSL and there were no teams representing Southern Punjab. However, things took a drastic turn in the last few weeks.
An ownership battle and a change of principal ownership has seen the Stallionz franchise taken over by a new ownership group called CD Ventures. After securing 98% shares in the Stallionz, CD Ventures' Gohar Shah took the role of CEO for the new franchise. He later renamed the existing Sialkot franchise as Multan Sultans.
Speaking about this, PSL CEO Salman Naseer said "The first thing Gohar did upon assuming the role of CEO was submitting an application to the PCB. He agreed to pay the one-time franchise fee to change the name, and now this team will be known as Multan Sultans." On top of the fee for the name change, Salman Naseer announced that CD Ventures had agreed to increase the annual franchise fee payments to PKR 2 billion.
Speaking about the change in name, Gohar the new owner of the franchise said "I want my region to be represented, which is Multan, and South Punjab. It was very important for me that Multan stayed in the PSL, and will continue to stay in the future." This means that Multan Sultans has made a return to the PSL and will be playing under the new owners.
The upcoming edition of the Pakistan Super League 2026 is set to begin in the final week of March and fans are excited to see the return of Multan Sultans. Former Multan Sultans owner, Ali Tareen also took it to twitter and expressed his happiness after Multan Sultans made a return.
