Multan Sultans sold ko Walee Technologies for Rs. 245 Crore and became the most expensive franchise in the Pakistan Super League. The Multan Sultans auction winner also changed the name of this franchise to Rawalpindi. The auction ceremony was held at Lahore, where five successful bidders were in action to get this franchise, along with the previous owner of this franchise.
On Monday, 08 February 2026, the Pakistan Cricket Board (PCB) officially confirmed five qualified bidders for the Multan Sultans auction out of a total of six bidders, marking a major development ahead of the Pakistan Super League (PSL) 2026 season. The announcement has been made through PCB’s official social media platforms, and has intensified interest around one of the league’s most consistent and valuable franchises.
Multan Sultans, who joined the Pakistan Super League in 2018, have quickly established themselves as a strong on-field unit and a commercially attractive brand. Following the completion of the previous ownership cycle, where its previous owner Ali Tareen decided not to extend the ownership rights of Multan Sultans, the PCB decided to place the franchise back on the market, initiating a transparent bidding and evaluation process. The move reflects the board’s confidence in the franchise’s rising valuation and the continued commercial growth of Pakistan Super League.
Multan Sultans Auction Details
According to PCB officials, the base price of the Multan Sultans franchise has been set at approximately PKR 170-180 crore, making it one of the highest-valued teams in the Pakistan Super league. The franchise auction is scheduled to take place on February 9, 2026, and will be held in Lahore. The bidding process will be streamed live on official PSL YouTube channel at 6:00 PM.
The auction will determine the new ownership of Multan Sultans ahead of PSL 2026, after which the successful bidder will assume full operational and commercial control of the franchise.
Five Bidders Finalized by PCB
After reviewing all submitted proposals, the PCB conducted a technical evaluation process and shortlisted five companies that met the required financial, legal, and operational criteria. The five qualified bidders are:
- Walee Technologies
- AIM Next
- Deharki Sugar Mills (DSM)
- Tweaker Energy
- CD Ventures
These bidders represent a diverse mix of technology, investment, industrial, and energy-sector companies, highlighting the PSL’s broad appeal across Pakistan’s corporate landscape.
Walee Technologies
Walee Technologies, owned by Adeel Azhar, is one of Pakistan’s leading digital media and technology firms, widely recognised for its expertise in influencer marketing, data analytics, and digital brand solutions. The company has played a pivotal role in shaping Pakistan’s creator economy and digital advertising landscape. Walee’s bid for the Multan Sultans franchise reflects a strategy centered on fan engagement, digital monetisation, and brand-driven growth. Owning a PSL team would allow Walee Technologies to seamlessly blend sports, technology, and storytelling on both a national and international stage.
AIM Next
AIM Next, co-founded and led by Ali Khan, is a forward-looking investment and innovation group with interests spanning emerging technologies, scalable ventures, and future-oriented businesses. Known for backing growth-driven projects, AIM Next’s entry into the Multan Sultans auction demonstrates confidence in the long-term commercial potential of the PSL. Securing the franchise would provide the company with a high-visibility platform to integrate sports, technology, and strategic investment under one dynamic brand.
Deharki Sugar Mills (DSM)
Deharki Sugar Mills (DSM), headed by Sultan Ahmed, is a well-established industrial conglomerate with decades of experience in Pakistan’s manufacturing and agriculture sectors. DSM’s participation in the Multan Sultans auction highlights the growing appeal of PSL franchises to traditional corporate and industrial investors. For DSM, owning a PSL team offers a powerful branding opportunity, connecting the company with younger audiences and positioning it as a forward-looking, sports-friendly corporate entity.
Tweaker Energy
Tweaker Energy, led by Faizan Malik, operates in Pakistan’s expanding energy and sustainability sector, specialising in modern energy solutions and infrastructure innovation. The company’s interest in the Multan Sultans franchise reflects the increasing engagement of new-economy enterprises in sports ownership. Winning the bid would enable Tweaker Energy to strengthen its national brand recognition while aligning its image with youth, performance, and innovation in sports.
CD Ventures
CD Ventures, under the leadership of Haris Qureshi, is a diversified investment and business development firm with a portfolio across multiple sectors. Known for strategic planning and long-term growth initiatives, CD Ventures’ bid for Multan Sultans demonstrates confidence in the PSL’s expanding commercial value. If successful, the company is expected to focus on sustainable team building, financial discipline, and steady brand growth, ensuring the franchise remains competitive both on and off the field.
The confirmation of these five bidders sets the stage for a high-profile Multan Sultans franchise auction, which is expected to attract significant attention from cricket fans and the business community alike. With a strong fan base, consistent performances, and a premium base price, Multan Sultans remain one of the most sought-after assets in the PSL.
As the February 9, 2026 auction in Lahore approaches, the outcome will play a key role in shaping the future direction of the franchise and further underline the Pakistan Super League’s growing status as a major commercial sporting property.