LAHORE: Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen’s son Ali Tareen on Thursday won the bid for the PSL’s sixth franchise of the Pakistan Super League (PSL), previously that was known as the Multan Sultans.
“The Multan Consortium led by Ali Tareen has won the franchise rights for the sixth team, by exceeding the reserve price,” tweet by PSL.
— PakistanSuperLeague (@thePSLt20) December 20, 2018
The rights have been awarded for seven years.
As the gap for the PSL’s sixth franchise was up for grabs after Multan Sultans were disqualified after appearing in just one edition of the Pakistan Super League held early this year.
On 10th of November, the PCB terminated the agreement which gave franchise rights of Multan Sultans PSL team to the Schon Group after they failed to meet the financial obligations under the PSL agreement.
So, PCB set reserve price as $5.21 million per annum for a period of 7 years. That reserve price has been exceeded by the bid winners.
While speaking about his new franchise, Ali Tareen said:
“The team is a gift for South Punjab, the name of the team will be decided after consultation.”
Moreover “If allowed, I have no problem in keeping the team’s name Multan Sultans,” he added.
“PSL is a platform through which we can showcase our (South Punjab’s) talent to the entire world,” Tareen said. “We will discover and nurture talent that can become part of the national team in the future”
While speaking on this occasion, Tareen showed keen desire about bringing talented cricketers from South Punjab to the fore.