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flag Multan Sultans sold for $9.4M to Wali Tech, to be rebranded as Rawalpindi, in a major PSL ownership shift.

flag The Multan Sultans franchise was sold for Rs2.45 billion to Wali Tech in a Lahore auction on February 9, 2026, with the team set to be rebranded as Rawalpindi. flag Five bidders competed, surpassing the Rs182 crore base price. flag The sale, managed by the PCB, marks a major shift in ownership after former owner Ali Tareen declined to renew his contract. flag PCB Chairman Mohsin Naqvi hailed the result as a milestone for the PSL’s growth, with the league aiming to boost its global profile. flag The event drew high-level attendance and reflects increasing private investment in Pakistan’s domestic cricket.

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