Ali Tareen has checked out of the PSL and refused to renew his contract as owner of Multan Sultans, paving the way for new owners to walk through ahead of coming seasons with a fresh valuation set at Rs. 140 crore.
Ali Tareen withdrew over disputes around what he described as poor management of the league. In an emotional sign-off on X, he said it had been the greatest privilege of his life being the owner of the Sultans and thanked fans for their relentless support.
Ali Tareen’s Message to Fans
Tareen:
- extended gratitude to the people of South Punjab for supporting the team.
- remembered for the love his late uncle, Alamgir Tareen, had for the franchise
- and always challenged players to work hard and be brave for the region that they represented.”
- said he would continue to support the team from the stands
He said that fans should continue supporting the Multan Sultans irrespective of who purchases their team.
What Happens Now?
With Tareen gone, the Sultans franchise is now up for grabs. That gives investors an opportunity to buy one of PSL’s most popular teams.
PSL: How one resistance unfolded The five other franchises — Lahore Qalandars, Islamabad United, Peshawar Zalmi, Karachi Kings and Quetta Gladiators — had already extended their long-term arrangements with the PSL.
Next season, the total number of teams in the league will also increase with two new ones titled Gilgit and Faisalabad-a further step for PSL’s biggest expansion yet.