LAHORE: The HBL Pakistan Super League (PSL) has confirmed a major shake-up ahead of PSL 11, with the franchise formerly known as Sialkot Stallionz officially renamed Multan Sultans.
Read More: https://theboardroompk.com/after-pentagon-pact-openai-considers-contract-with-nato-networks/
The change brings back the popular Multan Sultans brand, which previously featured in the league and won the title in 2021, to represent fans from South Punjab.
New Leadership Drives Rebranding Newly appointed CEO Gohar Shah, a former first-class cricketer from South Punjab, requested the name change as his first official act. Shah, who had previously bid unsuccessfully for the original Multan Sultans franchise, emphasized the move honors the region’s passionate cricket supporters.
The Pakistan Cricket Board (PCB) approved the request following payment of a one-time license fee and an adjustment to the franchise agreement.
Ownership and Financial Adjustments OZ Developers initially acquired the franchise (as Sialkot Stallionz) for PKR 18.5 billion over 10 years in a team auction held in Islamabad. A strategic partnership with CD Ventures followed, leading to the rebranding.
The franchise fee was increased to a total of PKR 20 billion to reflect the name change and new arrangements.
Official Statements Highlight Fan Focus PSL CEO Salman Naseer announced the development at a press conference, welcoming Gohar Shah to the PSL family. He acknowledged Sialkot fans’ attachment to the Stallionz name but assured efforts to honor their legacy while noting the new chapter for South Punjab.
Naseer stated: “The voices of our fans from South Punjab have been heard as New Sultans now take the reins of the Stallions.”
Gohar Shah added: “Bringing Multan Sultans back to represent the people of South Punjab is both a privilege and a responsibility. Our commitment is to build on that foundation with professionalism, stability, and exciting cricket.”
Implications for PSL 11 PSL 11 is set to commence on March 26, with the opener between Lahore Qalandars and Hyderabad Kingsmen at Gaddafi Stadium, Lahore. The return of Multan Sultans strengthens regional representation and adds excitement to the tournament.
Fans from Multan and South Punjab are celebrating the revival of their beloved franchise, while the league continues to evolve with enhanced stability and professionalism.