The Multan Sultans franchise has been sold in the most expensive deal in HBL Pakistan Super League (PSL) history.
In a massive power move at today’s auction in Lahore, a consortium comprising Walee Technologies and construction giant ZKB (Zahir Khan & Brothers) secured the franchise rights for a staggering PKR 2.45 billion (2 Arab 45 Crore).
The new owners have immediately announced a complete rebrand. The franchise will no longer be known as Multan Sultans. Welcome to the league, Team Rawalpindi!!!
The auction room witnessed a relentless display of financial muscle.
According to reports, the consortium’s representative adopted an aggressive strategy from the very first bid. Every time a competitor tried to inch forward, the Walee-ZKB alliance countered with an instant increase of PKR 10 crore. This rapid-fire approach left other bidders, including major players like CD Ventures, scrambling to keep up.
The intense battle pushed the price well beyond the initial PKR 2 billion mark.
When the bidding hit PKR 2.35 billion, the room fell silent as competitors reached their limits. The Walee-ZKB consortium then delivered the final blow, raising the stakes one last time to PKR 2.45 billion to seal the deal.
This acquisition creates a unique powerhouse in the PSL.
Together, Walee Technologies and ZKB moved the franchise from the City of Saints to the Twin Cities. Armed with a new name and deep pockets, Rawalpindi now enters the HBL Pakistan Super League (PSL) as a major force.