The Pakistan Super League (PSL) is confronting a significant ownership crisis just as it prepares for its next season and planned expansion. Ali Tareen, who has owned the Multan Sultans for the past seven years, has confirmed he will not renew his stake in the franchise. He cited unresolved differences with the PSL management as the driving force behind his decision. This abrupt exit has placed the Pakistan Cricket Board (PCB) under immense pressure to find a new owner for the Sultans, and potentially two more, as the league aims to grow to eight teams.
Tareen voiced his considerable frustration with the PSL’s management and its overall direction, indicating a growing disconnect with league officials and other franchise holders. He stressed his unwavering dedication to the Multan Sultans, even amidst consistent financial deficits, stating that his involvement was always about more than just financial returns. “The Sultans have always meant more to me than just numbers. And I have always been willing to go as far as needed to protect it,” Tareen stated in a social media announcement.
The exit of the Multan Sultans owner has created an urgent need for the PCB to act. With all other franchises having finalized their renewals, the league’s planned expansion to eight teams is now in jeopardy. The PCB might be forced to recruit three new franchise owners if a swift agreement isn’t brokered with Tareen or a new buyer. The relationship between Tareen and the PSL management had visibly soured over the last year, escalating from public criticism by Tareen regarding league transparency to a legal notice from the PCB. Tareen, who has overseen a successful period for the Sultans, including a championship win, urged fans to continue their fervent support for the team regardless of the ownership change, promising to remain a devoted follower himself.