Ali Tareen, the owner of Multan Sultans, has firmly stated that he will not be reviewing the team’s contract for the upcoming PSL 11 season. Tareen expressed his initial investment in the team was made with high hopes and at a significant cost, especially when no one else was willing to take the risk. However, under PCB rules, renewing the contract would require paying the current price plus an additional 25%, which Tareen believes would result in a loss for the team.
Multan Sultans is currently the most expensive team, and with no profits being generated, Tareen believes it would be unwise to renew the contract under these conditions. He mentioned that when he acquired the franchise in 2018, PSL was experiencing substantial growth, which influenced his decision to invest in Multan Sultans.
Despite the team’s success in reaching and winning finals from 2021 to 2024, Tareen is disappointed with the current state of PSL’s growth trajectory. He expressed frustration with the league’s declining direction, leading him to consider not signing a renewed contract for Multan Sultans.
Tareen made it clear that he intends to retain ownership of Multan Sultans and acquire the team through a new bidding process and contract, rather than renewing the existing agreement. This decision reflects his dissatisfaction with PSL’s current state and his desire for a fresh start for the team.
Follow Franchise Cricket for more PSL news.
