The auction of Pakistan Super League (PSL) franchise Multan Sultans' bidding will take place tomorrow (February 9) in Lahore ahead of the league’s 11th edition, 24NewsHD TV reported on Sunday.
According to PSL officials, five (5) bidders will take part in the auction process.
The auction will determine the new ownership rights of Multan Sultans following the expiration of the previous agreement.
Former Multan Sultans owner Ali Tareen is among the bidders competing to regain ownership of the franchise, re-entering the race just a year after stepping away from the team.
Alongside Ali Tareen, Wally Tech, and M-Next Inc are also participating in the auction process.
Both companies had previously taken part in the bidding for the Hyderabad and Sialkot franchises last month but were unsuccessful.
In addition, CD Venture and Particle Ignite have entered the PSL auction process for the first time.
It is worth recalling that the Hyderabad and Sialkot franchises were sold for Rs175 crore and Rs185 crore, respectively, reflecting the growing commercial value of the PSL.
The base price of the Multan Sultan is Rs 1.8 billion.
The Multan Sultans auction is scheduled two days before the player draft, which will take place on February 11, 2026, also in Lahore.
The franchise has retained no players, meaning the new owner will have the opportunity to build an entirely new squad for the upcoming season.
The PCB officially announced the sale process for Multan Sultans on January 14, 2025, inviting interested individuals and companies to submit bids.
The deadline for technical proposals was initially set for January 30, but was later revised.
Last month, during a historic auction at Jinnah Convention Center, FKS Group and OZ Developers secured the Hyderabad and Sialkot franchises for Rs1.75 billion and Rs1.85 billion, respectively.
With the addition of these two teams, the number of teams for PSL 11 has now increased to eight.