Multan Sultans Sold for 2.45 Billion and Renamed Rawalpindi

By Talha Arshad On Feb 9, 2026

Wali Tech bought Multan Sultans for 2.45 billion PKR for 10 years.
The franchise has been officially renamed as Rawalpindi.
PCB Chairman Mohsin Naqvi congratulated the new owners at the Expo Center.

The Pakistan Super League (PSL) franchise Multan Sultans has been sold for a massive amount of 2.45 billion PKR (245 crore rupees). The company Wali Tech emerged as the winner of the auction after submitting the highest bid. According to details shared by our sources, the auction for the franchise was held at the Expo Center in the presence of top cricket management. In a significant move, the new owners have decided to change the name of the franchise to Rawalpindi. This marks a new era for one of the most popular teams in the league.

Details of the Competitive Auction Process

The base price for Multan Sultans was set at 1.82 billion PKR. Due to the high popularity of the team and the commercial potential of the PSL, there was intense competition among investors. CD Ventures initially placed a bid of 2.15 billion PKR, which they later increased to 2.26 billion PKR. However, Wali Tech surpassed all other offers with a final bid of 2.45 billion PKR. This agreement gives Wali Tech the ownership rights of the franchise for the next 10 years.

High-Profile Attendance at the Event

The auction ceremony was a major event for Pakistan cricket. The Chairman of the Pakistan Cricket Board (PCB), Mohsin Naqvi, attended the ceremony to oversee the process. He was joined by former PCB Chairman Najam Sethi and former national team captain Zaheer Abbas. The presence of these figures highlighted the importance of the franchise sale. Chairman Mohsin Naqvi congratulated Wali Tech on their successful acquisition and expressed hope for the future of the league.

Transformation into the Rawalpindi Franchise

Multan Sultans has consistently been one of the most successful and popular teams in the PSL. The decision to rename the team to Rawalpindi is expected to bring a fresh identity to the franchise. The new owners, Wali Tech, have expressed their commitment to maintaining the high standards of performance and popularity that the team is known for. Bidders showed great enthusiasm throughout the process, reflecting the growing value of Pakistan’s premier T20 tournament.