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Ali Tareen’s Multan Consortium wins rights for sixth PSL team

Side will retain Multan Sultans moniker after claiming ownership for seven years with bid exceeding reserve

SAMAA | - Posted: Dec 20, 2018 | Last Updated: 3 years ago
SAMAA |
Posted: Dec 20, 2018 | Last Updated: 3 years ago

Side will retain Multan Sultans moniker after claiming ownership for seven years with bid exceeding reserve

Photo Courtesy: PCB

Ali Tareen’s Multan Consortium has purchased the “Sixth Team” of the Pakistan Super League, with the side keeping its ‘Multan Sultans’ name.

Earlier, he confirmed that he had submitted his bid to purchase the franchise.

The reserve price set by the Pakistan Cricket Board was $5.21 million per annum for a period of seven years. This reserve price was exceeded by the bid winner.

On November 10, the PCB had terminated a franchise agreement with Schon Properties after they failed to meet its financial obligations.

Ali’s father, Jahangir Tareen, is a close aide of Prime Minister Imran Khan.

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