PTI leader Jahangir Tareen’s son Ali Khan Tareen on Thursday won the bid for the sixth franchise of the Pakistan Super League (PSL), in the past it was known as the Multan Sultans.
The bidding for the sixth team was held in Lahore today.
PSL tweeted, “The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team, by exceeding the reserve price”.
Pakistan Cricket Board (PCB) set the reserve price was $5.21 million per annum for a period of seven years. The reserve price was exceeded by Ali.
During the ceremony, Ali Tareen said the team is a gift for South Punjab. He added that the name of the team will be decided after consultation.
He said, “If allowed, I have no problem in keeping the team’s name Multan Sultans”.
The PCB had finished the franchise accord of Multan Sultans after they unsuccessful to meet their financial obligations.
Following the termination of the agreement, all rights in respect of the team were reverted back to the Pakistan Cricket Board.