Multan Sultans are officially returning to the Pakistan Super League (PSL) ahead of the 2026 season, following a major franchise reshuffle.

 

Sialkot Stallionz owner Hamza Majeed and PSL Chief Executive Officer Salman Naseer confirmed the return during a press conference at Gaddafi Stadium, Lahore, on Tuesday. 

 

CD Ventures CEO Gohar Shah, who will lead the Multan franchise, was also present.

 

“I am so happy that South Punjab representation is back in the league,” Gohar Shah said.

 

The PSL CEO confirmed that the franchise price, previously set at 185 billion rupees, has now increased to 200 billion rupees.

 

When asked about Gohar Shah’s role in the franchise and ownership, Hamza Majeed did not clarify the exact stake CD Ventures will hold but confirmed that Gohar Shah will have full authority over the team.

 

CD Ventures had formally requested the Pakistan Cricket Board (PCB) to rename the newly established Sialkot Stallionz franchise as Multan Sultans.

 

The move follows reports that OZ Group, the original buyer of the newly-launched PSL franchise, ran into financial difficulties and sold the team before it even played its first match. 

 

The franchise was originally purchased at auction on January 8 for PKR 1.85 billion and had been renamed Sialkot Stallionz.