No cricket franchise anywhere in the world has lived a story like the Multan Sultans. In the space of a single off-season, South Punjab’s team was suspended, dissolved, auctioned off, relocated to another city under a new name, and then, through a chain of events nobody could have scripted, resurrected when a brand-new franchise paid extra money specifically to bring the Sultans name back from the dead. The team that reached four consecutive PSL finals between 2021 and 2024 now enters PSL 2027 in a new era, with new owners, carrying an old crown. This is the complete story of the league’s most dramatic franchise.
Multan Sultans at a Glance
One title, four straight finals, one death, and one resurrection. South Punjab’s crown never stays down.
Multan Sultans: Quick Facts
| Detail | Information |
|---|---|
| Established | 2017, as the league’s sixth franchise (debut season 2018) |
| Current Ownership | Gohar Shah (CD Ventures), after acquiring and renaming the Sialkot Stallionz franchise in March 2026 |
| Annual Franchise Fee | PKR 2 billion (raised from 1.85 billion as part of the name change) |
| Previous Owner | Ali Khan Tareen (2018 to 2025) |
| Home Ground | Multan Cricket Stadium |
| PSL Titles | 1 (Champions 2021) |
| Finals Reached | 4 in a row: 2021 (won), 2022, 2023, 2024 (runners-up) |
| Legendary Captain | Mohammad Rizwan (led the four-final era) |
| Team Colors | Emerald Green and Gold |
The Glory Years: PSL’s Most Consistent Team
The Sultans joined the PSL in 2018 as its sixth franchise, and after Ali Khan Tareen’s group took over the ownership, they slowly built the most disciplined operation in the league. The breakthrough came in 2020, when Multan topped the league stage for the first time, and then in 2021, under new captain Mohammad Rizwan, everything clicked.
2021: Champions in Abu Dhabi
In the final against Peshawar Zalmi, the Sultans posted 206 and defended it by 47 runs, surviving Ben Cutting’s late fireworks to lift their first PSL trophy. It was the start of something historic: Multan went on to reach the final again in 2022, 2023 and 2024, four consecutive finals, a run of consistency no PSL franchise has ever matched. The heartbreaks were as famous as the triumph: beaten by Lahore in 2022, beaten by Lahore again by a single run in 2023, and beaten by Islamabad United off the very last ball in 2024.
Multan Sultans Season by Season (2020 to 2025)
| Season | Captain | Finish | Note |
|---|---|---|---|
| PSL 2020 | Shan Masood | 3rd (topped league stage) | The rise begins |
| PSL 2021 | Mohammad Rizwan | CHAMPIONS 🏆 | Beat Zalmi by 47 runs in Abu Dhabi |
| PSL 2022 | Mohammad Rizwan | Runners-up | A 9-1 league record, then final defeat to Lahore |
| PSL 2023 | Mohammad Rizwan | Runners-up | Lost the final by one run, the narrowest ever |
| PSL 2024 | Mohammad Rizwan | Runners-up | Lost off the last ball to Islamabad United |
| PSL 2025 | Mohammad Rizwan | Missed playoffs (bottom two) | The dynasty’s engine finally stalled |
The Death and Resurrection of the Sultans
What happened next belongs in a documentary. Here is the complete timeline of the wildest off-season in PSL history:
The Feud Goes Public
Owner Ali Khan Tareen openly criticised PCB’s approach to the league’s expansion and revenue model, arguing the “biggest season ever” lacked real innovation. The relationship between the league’s most outspoken owner and the board began to break down in full public view.
Suspension and Termination
PCB issued a suspension and termination notice to the Multan Sultans over alleged contractual breaches. Tareen’s response became instantly famous: he shredded the legal notice on video.
Tareen Walks Away
Failing to reach a renewal agreement, Ali Tareen announced his exit in an emotional statement, calling his time with the franchise “one of the greatest honours” of his life, and declaring he would rather “lose the team standing on my feet than run it from my knees.”
The Franchise Dies
PCB auctioned the rights. Walee Technologies bought them for PKR 2.45 billion per year, the highest valuation in league history, then moved the franchise to Rawalpindi and renamed it Rawalpindiz. After eight seasons, the Multan Sultans ceased to exist. In the same window, a new expansion team, Sialkot Stallionz, was sold to OZ Developers for PKR 1.85 billion.
The Resurrection
Within a month, financial difficulties forced the Stallionz into new hands: CD Ventures, led by former first-class cricketer Gohar Shah, acquired a controlling stake. Shah’s first act as CEO was to apply to PCB for a name change, pay a one-time fee, and raise the annual franchise payment to PKR 2 billion, all to restore one name. “A stallion alone cannot win the PSL,” he said. “To move forward, a stallion needs a sultan, and we have come as Sultans.” Weeks before the season, without ever playing a match as Sialkot, the franchise took the field as the Multan Sultans. South Punjab had its team back.
One important detail for the record: the reborn Multan Sultans and Tareen’s original franchise are legally unrelated entities. What survived was the thing that mattered most to the fans, the name, the city and the crown.
Legends of the Sultans Era
The reborn franchise is building its own core, and the complete 2027 squad, retentions and auction buys will be published on our PSL 2027 Squads section the day they are announced.
Multan Sultans in PSL 2027: What to Expect
PSL 2027 is really season two of the new Sultans. The ownership under Gohar Shah has promised a “Total Cricket” identity of aggressive, high-intensity play, the Multan Cricket Stadium crowd remains among the loudest in the country, and the auction gives the franchise a full chance to build a squad worthy of the badge’s history. The standard is brutal and inherited: the old Sultans made the final four years running. The new Sultans know exactly what the shirt demands. Their fixtures will appear on our Multan Sultans Schedule 2027 page as soon as PCB releases the official PSL 2027 schedule.
Frequently Asked Questions
Who owns Multan Sultans now?
Gohar Shah of CD Ventures, a former first-class cricketer, who acquired the new Sialkot Stallionz franchise in 2026 and renamed it Multan Sultans, raising the annual fee to PKR 2 billion as part of the change.
Why did Ali Tareen leave Multan Sultans?
After a public feud with PCB over the league’s revenue model and a termination notice in October 2025, Tareen declined to renew his ownership in November 2025, saying he would rather lose the team standing than run it from his knees.
What happened to the original Multan Sultans franchise?
It was auctioned by PCB, bought by Walee Technologies for a record PKR 2.45 billion per year, moved to Rawalpindi and renamed Rawalpindiz. The original franchise no longer exists under the Multan name.
Are the new Multan Sultans the same team as the old one?
Legally no. The reborn Sultans are the renamed Sialkot Stallionz expansion franchise under new ownership. What carried over is the name, the city and the fanbase, not the corporate entity or its records’ ownership.
How many PSL titles have Multan Sultans won?
One. The Sultans won PSL 2021 under Mohammad Rizwan, beating Peshawar Zalmi by 47 runs in Abu Dhabi, and finished runners-up in 2022, 2023 and 2024.
What is Multan Sultans’ record in PSL finals?
Four consecutive final appearances from 2021 to 2024, one win and three runner-up finishes, the most consistent run any PSL franchise has ever produced.
Who was the captain of Multan Sultans’ golden era?
Mohammad Rizwan, who captained from 2021 to 2025 and led the team to all four finals. He now captains the Rawalpindiz, the franchise built from the Sultans’ original rights.
What is Multan Sultans’ home ground?
Multan Cricket Stadium, one of the most passionate venues in the PSL and the beating heart of South Punjab cricket.
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