Lahore: Multan Sultans owner Ali Tareen has announced that he will not be renewing the franchise rights for the Pakistan Super League (PSL) for the next 10-year cycle, bringing an end to his tenure with the team.
Tareen confirmed the decision through a detailed post on his social media account, expressing gratitude and emotion as he stepped away from the franchise his late uncle, Alamgir Tareen, once passionately led.
“Being part of this team has been one of the greatest honours of my life. I love the fans, I love this team, and I absolutely love being able to represent South Punjab,” Tareen wrote. “Every season, I would tell our players and staff what it means to represent this region — a place full of hardworking people who fight for their rights and overcome challenges every day.”
He concluded his farewell message with a strong statement:
“I would rather lose this team while standing on my feet than run it from my knees. So, this is goodbye.”
The development comes shortly after all five other PSL franchises — Islamabad United, Karachi Kings, Lahore Qalandars, Peshawar Zalmi and Quetta Gladiators — officially renewed their ownership rights for another decade. The extensions followed a fresh market valuation process conducted by Ernst & Young, one of the world’s leading audit and advisory firms, according to the Pakistan Cricket Board (PCB).
Tareen’s exit follows ongoing tensions between Multan Sultans and the PCB, with the board alleging multiple breaches of the 10-year agreement and demanding a public apology. Last month, Tareen released a sarcastic apology video, openly criticising the board’s management style and communication methods.
He had also written to PCB Chairman Mohsin Naqvi, acknowledging the strained relationship and offering suggestions for structural reforms within Pakistan cricket governance.
With Tareen stepping away, the future ownership of Multan Sultans now remains uncertain as the PSL enters its next commercial cycle.
