Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Thursday stated the Pakistan Tremendous League’s (PSL) “loss-hit” franchise Multan Sultans would flip a worthwhile group forward of subsequent yr’s public sale.
Addressing a star-studded ceremony for the public sale of the seventh and eighth PSL franchises, the PCB chairman stated: “I took a problem, and that’s that there have been lots of claims on social media that the group was in losses.”
“So I, and all the group, determined that we are going to present you ways a lot revenue this enterprise gives, publish the numbers earlier than going for the public sale,” Naqvi added.
The PCB chairman Naqvi, alongside new group homeowners Fawad Sarwar and Hamza Majeed, and PSL CEO Salman Naseer, reiterated that the cricket board will run the affairs of Sultan within the upcoming PSL 11 earlier than auctioning it.
He acknowledged receiving ideas about auctioning the franchise alongside the 2 new groups offered earlier at the moment, however revealed he took a problem for himself and his group to show the enterprise as worthwhile.
“The strain has began to be constructed up on me to promote out the group,” he stated humorously, whereas referring to Naseer.
“However my want is to function Multan Sultans for one yr, and I am very a lot hopeful that we would go away it in revenue so the world will get to know that it is a plus-plus enterprise.”
It’s pertinent to say right here that PSL expanded to eight groups as Hyderabad and Sialkot have been formally confirmed because the league’s seventh and eighth franchises, respectively, following the completion of the enlargement public sale.
The OZ Builders, owned by Hamza Majeed, secured the possession of the eighth PSL group with a bid of Rs1.85 billion and named it after Sialkot within the second spherical of the extremely anticipated public sale.
The bottom worth for the eighth PSL group was set at Rs1.70 billion after the FKS Group acquired the possession of the primary franchise up on the market for Rs1.75 billion.
