LAHORE: The franchise initially introduced as Sialkot Stallions for the upcoming season of the Pakistan Super League (PSL) 11 has been officially rebranded as Multan Sultans.
The development was confirmed on Tuesday by PSL Chief Executive Salman Naseer during a joint press conference attended by franchise owner Hamza Majeed and CD Ventures head Gohar Shah.
Earlier, OZ Developers had secured the Sialkot Stallions franchise rights for 10 years at a bid of Rs1.85 billion during the team auction held in Islamabad. However, the company has now entered into a strategic partnership with CD Ventures.
Under the new arrangement, Gohar Shah has been appointed as Chief Executive Officer of the franchise, and the team has been renamed Multan Sultans.
According to Salman Naseer, following the latest development, the franchise’s annual valuation has increased to Rs2 billion. He revealed that after assuming office, Gohar Shah formally requested the name change, which was subsequently approved.
“Sialkot Stallions will now participate as Multan Sultans,” Naseer stated.
Speculation had circulated in recent weeks regarding the Sialkot-based franchise, including reports about OZ Developers selling shares and facing financial challenges.
Speaking at the press conference, Multan Sultans CEO Gohar Shah confirmed his formal induction into the franchise leadership and expressed his desire to strengthen South Punjab’s representation in the league.
“An individual stallion cannot win the PSL alone; to move forward, a stallion needs a sultan — and we have come as the Sultan,” he remarked, emphasizing the importance of preserving Multan’s identity.
The PSL Season 11 is scheduled to take place from March 26 to May 3, 2026.
