Kamil Khan has stepped away from Sialkot Stallionz, including to the uncertainty surrounding the Pakistan Tremendous League (PSL) facet amid a significant possession transition.
In a press release posted on social media, Khan stated he joined the Stallionz management “out of deep love for Pakistan cricket” and took accountability for the franchise’s cricketing operations. Throughout his brief tenure, he highlighted what he described as vital early progress, together with the signing of Australian star Steve Smith, the appointment of former Australia captain Tim Paine, and a business partnership with sportswear model New Steadiness.
“Following sure administration selections and after cautious consideration, I made a decision to step away,” Khan stated, including that the choice had been made earlier however was delayed to make sure the franchise was left “in protected fingers”.
Out of my deep love for Pakistan cricket, I joined the management crew of Sialkot Stallionz, assuming accountability for the cricketing facet with sincerity. In a short while, we made vital progress, together with securing Steve Smith, appointing Tim Paine and partnering with New…
— kamil khan (@13kamilkhan) February 22, 2026
Khan’s departure comes as sources verify {that a} new occasion has agreed in precept to amass greater than 90 % of the Sialkot franchise’s shares, successfully ending administrative management by Australia-based OZ Group, which has struggled to fulfill its monetary obligations.
The possession points hint again to final month’s PSL public sale, when the Pakistan Cricket Board bought the league’s seventh crew to KingsMen for Rs1.75 billion, whereas the eighth crew was awarded to OZ Group for Rs1.85 billion. The American-owned KingsMen paid its dues on time, however the Australian consortium quickly bumped into difficulties after two companions withdrew through the bidding course of, citing considerations over the escalating value.
Though OZ Group narrowly prevented termination by submitting a delayed financial institution assure, it continued to face issues paying the franchise charge. Makes an attempt to promote a 75 % stake to a different investor didn’t yield funds, regardless of press conferences being held in Lahore and Karachi.
Beneath PSL laws, an entire switch of possession is just not permitted inside the first three years, which means the incoming occasion will act as a strategic associate quite than a full proprietor. Sources stated the PCB had additionally found throughout its personal checks that one of many present homeowners had beforehand declared chapter, whereas the possible new associate is believed to be financially steady. An official announcement is anticipated subsequent week.
In the meantime, former Pakistan captain Wasim Akram has confirmed he’s now not serving as Sialkot Stallionz president, saying no formal settlement was signed and discussions have been restricted to cellphone calls.
The developments underline the rising pains of the expanded PSL as Sialkot Stallionz search stability forward of the brand new season.
