Hamza Majeed also confirms heavyweight coaching panel for Stallionz\u2019 debut season
\n LAHORE
\nHamza Majeed, the owner of Pakistan Super League (PSL) franchise Sialkot Stallionz, has firmly rejected bankruptcy claims and confirmed the appointment of the team\u2019s coaching staff.
\nSpeaking at a press conference at Gaddafi Stadium on Tuesday, The News reported, Majeed addressed rumours of financial trouble and alleged share transfers. He maintained that the franchise is financially stable and fully prepared for its debut campaign in the eleventh edition of the marquee league.
\nThe press conference came amid wider instability at the Stallionz, following the resignation of senior management figure Kamil Khan and confirmation from Wasim Akram that he is no longer serving as franchise president.
\nMajeed categorically denied rumours of bankruptcy, stating that the first year\u2019s franchise fee had already been submitted to the Pakistan Cricket Board (PCB) in January, backed by a three-year corporate guarantee.
\nHe described the controversy as stemming from a \u201cfake receipt\u201d provided by a potential partner, whom he accused of misusing his trust. Legal proceedings and defamation notices have been initiated against those spreading what he called \u201cbaseless\u201d allegations.
\nOn ownership, Majeed rejected claims that 98% of the franchise had been sold. He acknowledged that equity dilution is under discussion but emphasised that any development remains subject to PCB approval.
\nHe confirmed that a non-disclosure agreement has been signed with a prospective strategic partner, with formal announcements expected within two to three days.
\nTurning to cricketing matters, Majeed unveiled a heavyweight coaching panel for the Stallionz\u2019 debut season.
\nFormer Australia captain Tim Paine has been appointed head coach, supported by Mike Smith as assistant coach, Rana Naved-ul-Hasan as bowling coach, Sohaib Maqsood as batting coach, and Qaiser Abbas as technical advisor.
\nAustralian physio Brandon Wilson will oversee player fitness. Majeed also confirmed that star batter Steve Smith remains committed to the squad and will feature in the playing XI.
\nHe thanked the PCB for its support, noting that the board had given him space to resolve the crisis.
\n\u201cIf there was even a 1% doubt about my credibility, the PCB would have exited me from the league already,\u201d he said. Looking ahead, Majeed promised long-term commitment, declaring: \u201cYou will see this face in the PSL for at least the next 10 years, Insha\u2019Allah.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Hamza Majeed also confirms heavyweight coaching panel for Stallionz\u2019 debut season LAHORE Hamza Majeed, the owner of Pakistan Super League (PSL) franchise Sialkot Stallionz, has firmly rejected bankruptcy claims and confirmed the appointment of the team\u2019s coaching staff. Speaking at a press conference at Gaddafi Stadium on Tuesday, The News reported, Majeed addressed rumours of […]<\/p>\n","protected":false},"author":2,"featured_media":533594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-533568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n