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Multan Sultans Revived for PSL 11 After CD Ventures Takes Over Sialkot Franchise

League approval follows a majority acquisition that lifts the team's annual fee to PKR 2 billion.

New PSL franchise Sialkot Stallionz have been rebranded as Multan Sultans following an ownership transfer.
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Overview

  • The rebrand from Sialkot Stallionz to Multan Sultans was announced at a Lahore press conference with PSL CEO Salman Naseer, owner Hamza Majeed and CD Ventures head Gohar Shah.
  • CD Ventures secured control of the franchise originally bought by OZ Developers for PKR 1.85 billion, and the annual franchise fee has been reset to PKR 2 billion.
  • Gohar Shah has been installed as chief executive and requested the name change to restore South Punjab's representation in the league.
  • The PCB and PSL approved the partnership and rebrand in line with league governance rules on franchise share transfers.
  • Organisers pledged to accommodate Sialkot supporters with transport, and PSL season 11 begins on March 26 with the opening ceremony in Lahore.