Multan Sultans are set to return to the Pakistan Super League (PSL) ahead of the 2026 season following a significant franchise reshuffle that has reshaped the league’s ownership landscape.
The development was confirmed during a press conference at Gaddafi Stadium on Tuesday, where Sialkot Stallionz owner Hamza Majeed and PSL Chief Executive Officer Salman Naseer announced the decision. Also present was CD Ventures Chief Executive Officer Gohar Shah, who will lead the revived Multan franchise.
Expressing his enthusiasm, Gohar Shah welcomed the return of South Punjab’s representation in the league. “I am so happy that South Punjab representation is back in the league,” he said.
The PSL CEO revealed that the franchise valuation has increased from PKR 1.85 billion to PKR 2 billion, reflecting a rise in the team’s commercial worth following the restructuring.
However, when asked about the ownership structure and CD Ventures’ stake in the franchise, Hamza Majeed did not disclose specific shareholding details. He did confirm that Gohar Shah would have full operational authority over the team.
CD Ventures had earlier approached the Pakistan Cricket Board to formally request that the newly established Sialkot Stallionz franchise be renamed Multan Sultans — a move that has now been approved.
The reshuffle comes after reports emerged that OZ Group, the original purchaser of the franchise at the January 8 auction, encountered financial challenges and subsequently sold the team before it could participate in a single PSL match. The franchise had initially been acquired for PKR 1.85 billion and rebranded as Sialkot Stallionz.
With Multan Sultans officially reinstated, the PSL’s 2026 season is expected to feature a familiar name alongside renewed commercial momentum as the league continues its expansion phase.
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