Lahore (Staff Report): Pakistan Tehreek-e-Insaf leader Jahangir Tareen’s son Ali Khan Tareen has won the bid for the sixth franchise of the Pakistan Super League (PSL).
The bidding for the sixth team, previously known as the Multan Sultans was held in Lahore today.
“Breaking: The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team, by exceeding the reserve price.#HBLPSL,” the PSL tweeted.
The reserve price set by Pakistan Cricket Board (PCB) was $5.21 million per annum for a period of seven years. The reserve price was exceeded by Ali.
Earlier, Ali had said, “If we win the rights to the sixth team, previously known as the Multan Sultans, we will continue with the same name.”
“We are making sure that the team from South Punjab does not get out of our hands,” Ali said, adding, “We are working on cricket in South Punjab.”
The Pakistan Cricket Board (PCB) had terminated the franchise agreement of Multan Sultans after they failed to meet their financial obligations.
Following the termination of the contract, all rights in respect of the team were reverted back to the PCB.