No More Multan Sultans in PSL. The Pakistan Super League (PSL) is all set to witness a historic transformation as the franchise formerly known as Multan Sultans officially exits the league identity. In a major development ahead of PSL 11, Walee Technologies has successfully acquired the franchise rights, marking the end of an era for South Punjab cricket fans and the beginning of a brand-new chapter for Rawalpindi.
This announcement has sent shockwaves across the cricketing community, as one of the most prominent PSL teams will no longer compete under the Multan Sultans name.
Record-Breaking Auction Changes PSL History
The franchise rights were awarded during a high-intensity auction held on February 9, 2026, which instantly became historic. Walee Technologies placed a massive winning bid of Rs. 245 crore, making it the highest-ever bid in the history of the Pakistan Super League.
This record-breaking figure reflects the growing commercial value of the PSL and the increasing interest of major corporations in Pakistan’s premier cricket league.
Walee Technologies Becomes New Franchise Owner
With the successful bid, Walee Technologies officially became the new owner of the franchise previously operating as Multan Sultans. The company, known for its strong presence in the digital and tech sector, has made it clear that it plans to rebrand and reposition the team completely.
Rather than continuing with the Multan identity, the new owners have decided to move away from South Punjab and introduce a fresh franchise representing the city of Rawalpindi.
Rawalpindi to Get Its Own PSL Team
In a move that has thrilled cricket fans in the twin cities, Rawalpindi will now have its own dedicated PSL franchise. The decision has been welcomed by local supporters, who have long demanded a permanent home team despite Rawalpindi Cricket Stadium hosting several PSL matches over the years.
The new Rawalpindi-based franchise is expected to play its home games at the Rawalpindi Cricket Stadium, turning the venue into a true fortress for the so-called “Pindi Boys.”
End of Multan Sultans Era in PSL
The rebranding marks the official end of Multan Sultans as a PSL franchise. Since their debut, the team had built a strong fan base and delivered memorable performances, including a championship title.
However, with the ownership change and relocation, the Multan Sultans name will now remain a part of PSL history, remembered for its contributions but no longer active in the league.
Transparent and Professional Bidding Process by PCB
The Pakistan Cricket Board (PCB) ensured that the auction process remained fully transparent, professional, and well-regulated. All bids were quoted strictly in Pakistani Rupees (PKR), with a mandatory minimum increment of Rs. 1 crore over the previous bid.
Although there was no upper limit on the valuation, the structured bidding rules ensured a fair and competitive environment, allowing the price to climb steadily to the final record-breaking amount.
Strategic Timeouts and Auction Rules Explained
To manage the high-pressure bidding atmosphere, each participating company was allowed one five-minute strategic timeout. These breaks were meant to allow internal discussions and recalibration of bidding strategies.
However, the rules were crystal clear: no communication with rival bidders was allowed during the auction. Any violation could have resulted in immediate disqualification, reinforcing the integrity of the process.
Final Call Secures Rs. 245 Crore Winning Bid
The auction concluded when Walee Technologies’ Rs. 245 crore bid remained unmatched by competitors. After the final call, the company was provisionally declared the winner, sealing the biggest franchise deal in PSL history.
The announcement was met with applause, signaling a new financial and commercial benchmark for the league.
PSL Enters a New Era Ahead of PSL 11
With Rawalpindi entering the PSL as a full-fledged franchise city, the league is now stepping into a new era of expansion and evolution. The move is expected to boost fan engagement, sponsorship interest, and regional representation.
PSL 11 is shaping up to be one of the most exciting editions yet, with fresh branding, renewed rivalries, and a completely new team identity set to take the field.
Conclusion
The acquisition of the former Multan Sultans franchise by Walee Technologies for a record Rs. 245 crore has permanently reshaped the Pakistan Super League. The decision to relocate and rebrand the team as a Rawalpindi-based franchise marks a historic turning point for PSL.
