Multan Sultans Sold for Record Rs2.45bn! New Owners Rename Team to Rawalpindi | PSL News (2026)

In a shocking development, the beloved PSL franchise, Multan Sultans, has been sold for a staggering Rs2.45 billion, setting a new record in the league's history. But here's the twist: the new owner, Walee Technologies, plans to rebrand the team as Rawalpindi, leaving fans divided and emotions high.

The auction, held in Lahore, witnessed a thrilling bid for the franchise, with the winning offer covering a decade-long ownership, including annual fees. The ceremony was filled with excitement as Fakhr-i-Alam, the host, announced the auction's outcome. But the real surprise came when Ahsan Tahir, CEO of Walee Technologies, revealed the name change, leaving the audience in awe.

PCB Chairman Mohsin Naqvi praised the new owners and expressed gratitude to Najam Sethi, the visionary behind the Multan Sultans. Sethi, a key figure in the franchise's journey, shared his joy, especially with the sale occurring under his friend Naqvi's leadership. He also hinted at exciting developments in Pakistan cricket, creating a buzz among enthusiasts.

However, the name change has sparked controversy. Naqvi acknowledged the emotional attachment to the Multan Sultans brand and the challenges of rebranding. He explained that the opening bid was influenced by the Sialkot team's sale, which fetched Rs1.85 billion. But the question remains: will the new name resonate with fans?

Adding to the drama, Naqvi addressed the ongoing discussions with the ICC regarding Pakistan's boycott of the T20 World Cup match against India. He mentioned the role of Bangladesh in the situation, leaving the audience curious for updates. The PCB chairman also emphasized the importance of respecting the visiting ICC delegation, adding a diplomatic layer to the narrative.

Walee Technologies, a global player in media, finance, and technology, has made a significant move by acquiring the franchise. The team, established in 2017 as Multan Sultans, has a rich history, winning the league in 2021. However, recent events left the franchise without an owner, leading to the PCB's decision to take over and subsequently sell it.

This sale has ignited debates among fans and experts alike. While some celebrate the record-breaking sale, others mourn the loss of the beloved Multan Sultans brand. And this is the part most people miss: the delicate balance between preserving tradition and embracing change. Will the new name, Rawalpindi, be embraced by the fans? Only time will tell.

What do you think about the franchise's sale and the name change? Is it a bold move or a step too far? Share your thoughts in the comments below, and let's spark a lively discussion on this controversial topic!

Multan Sultans Sold for Record Rs2.45bn! New Owners Rename Team to Rawalpindi | PSL News (2026)
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