{"id":4861,"date":"2025-04-23T15:04:50","date_gmt":"2025-04-23T15:04:50","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4861"},"modified":"2025-04-23T15:04:50","modified_gmt":"2025-04-23T15:04:50","slug":"multan-sultans-owner-denies-franchise-exit-questions-psl-sustainability","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4861","title":{"rendered":"Multan Sultans owner denies franchise exit, questions PSL sustainability"},"content":{"rendered":"<div>Multan Sultans owner Ali Tareen has denied rumours suggesting he intends to part ways with the Pakistan Super League (PSL) franchise following the conclusion of the tournament\u2019s 10th edition.<\/p>\n<p>Speaking to local media after the Sultans&#8217; 33-run victory over Lahore Qalandars, Tareen clarified that while his team is reassessing its franchise agreement, there are no immediate plans to exit.<\/p>\n<p>\u201cI never said I\u2019m abandoning Multan Sultans,\u201d Tareen said. \u201cWe are simply exploring options to re-evaluate our franchise agreement after the tenth edition of the PSL.\u201d<\/p>\n<p>Tareen raised concerns over the existing PSL financial model, which he described as &#8220;unsustainable.&#8221; He noted that while the franchise holds the option to renew its agreement with a 25 percent increase in cost, such terms are financially burdensome.<\/p>\n<p>\u201cAt that price, we\u2019re operating at a loss,\u201d he said.<\/p>\n<p>The businessman indicated a preference for re-entering the bidding process under revised conditions. \u201cHopefully, we can secure the team again at a valuation that makes financial sense, similar to the Karachi Kings\u2019 $26 million deal over ten years.\u201d<\/p>\n<p>Tareen also referenced the financial difficulties of the franchise\u2019s previous owners, who, according to him, \u201csuffered significant losses and couldn\u2019t continue,\u201d prompting his team to step in and stabilise the club\u2019s operations.<\/p>\n<p>On the sporting front, Tareen expressed satisfaction with the Sultans\u2019 first win of the season, especially following their earlier defeat to Islamabad United.<\/p>\n<p>\u201cThe coaches and I agreed there was no need to panic. We knew once we got back to Multan, we\u2019d get things back on track,\u201d he said.<\/p>\n<p>Despite subdued public interest in PSL Season 10, Tareen reaffirmed the franchise\u2019s deep ties to its home base.<\/p>\n<p>\u201cWe told the players they\u2019re playing for the people of Multan. That connection, that love \u2013 it\u2019s what drives us.\u201d<\/p>\n<p>Highlighting the success of his cricket development initiatives, Tareen pointed to 14-year-old Sheher Bano, a graduate of his cricket academy, who has gone on to represent Pakistan in the Under-19 Asia Cup and World Cup qualifiers.<\/p>\n<p>He also praised the early performances of the Sultans\u2019 development squad, competing in the President\u2019s Trophy Grade-II under the JDW banner.<\/p>\n<p>Looking ahead, Tareen announced plans to bolster cricket infrastructure in South Punjab, with projects underway to construct a new stadium in DHA Multan and upgrade existing facilities in Rahim Yar Khan and Bahawalpur.<\/p>\n<p>\u201cOur goal is to create a strong regional network for talent development,\u201d he said.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Multan Sultans owner Ali Tareen has denied rumours suggesting he intends to part ways with the Pakistan Super League (PSL) franchise following the conclusion of the tournament\u2019s 10th edition. Speaking to local media after the Sultans&#8217; 33-run victory over Lahore Qalandars, Tareen clarified that while his team is reassessing its franchise agreement, there are no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4861","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4861"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4861\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}