PSL 2026: Multan Sultans Sold for A Record Fee!
The ownership of the Multan Sultans has been officially decided today following a high-intensity Pakistan Super League (PSL) auction held at the Lahore Expo Center.
Walee Technologies, Led by Group CEO Muhammad Ahsan Tahir, emerged as the winner, securing the franchise with a final bid of Rs. 2,450,000,000, the highest bid in PSL history.
The team will be renamed Rawalpindi. Bidding for Multan Sultans began at Rs 1.82 billion after the sale of two new franchises at record prices.
The auction was conducted under a strict professional framework. All offers were quoted in Pakistani rupees, with a mandatory minimum increment of Rs. 1 crore over the base price and previous bids. While there was no upper limit on how high the price could go, the rules ensured a steady and transparent climb in valuation.
To manage the high-pressure environment, each bidder was granted a single strategic timeout of up to five minutes. These intervals allowed for internal consultation with representatives, though communication with rival bidders remained strictly prohibited.
06:45 PM – Auction Begins
The PSL franchise auction for the Multan team has officially started. Five bidders are competing to secure the rights for the latest additions to the league.
Base Price for Multan team: PKR 1,820,000,000
CD Ventures makes the first bid of PKR 1,830,000,000
Walee Technologies counters with PKR 1,900,000,000
CD Ventures counters with PKR 1,910,000,000
Walee Technologies counters with PKR 2,000,000,000
CD Ventures counters with PKR 2,010,000,000
Walee Technologies counters with PKR 2,050,000,000
CD Ventures counters with PKR 2,060,000,000
Walee Technologies counters with PKR 2,070,000,000
Particle Igniter counters with PKR 2,140,000,000
CD Ventures counters with PKR 2,150,000,000
Particle Igniter counters with PKR 2,180,000,000
CD Ventures counters with PKR 2,190,000,000
Walee Technologies counters with PKR 2,200,000,000
CD Ventures counters with PKR 2,210,000,000
Particle Igniter counters with PKR 2,250,000,000
CD Ventures counters with PKR 2,260,000,000
Particle Igniter counters with PKR 2,300,000,000
CD Ventures counters with PKR 2,350,000,000
Particle Igniter counters with PKR 2,370,000,000
Walee Technologies counters with PKR 2,450,000,000
The round reached its conclusion when the highest offer stood unchallenged. Following the auctioneer’s final call, Walee Technologies was provisionally declared the winner, having provided the highest valid bid above the base price.
