Lahore
\nThe HBL Pakistan Super League (PSL) franchise operating as Sialkot Stallionz has officially been renamed to Multan Sultans, HBL PSL Chief Executive Officer Salman Naseer announced on Tuesday during a press conference at Gaddafi Stadium in Lahore.
\nOZ Developers acquired the Sialkot Stallionz franchise for PKR 18.5 billion for 10 years during a Team Auction in Islamabad and has now entered into a strategic partnership with CD Ventures.
\nGohar Shah has been appointed the Chief Executive Officer for the franchise. Gohar was also among the bidders in the record-breaking auction (Multan Sultans) which was held in Lahore, but lost out on getting the team.
\nThe announcement for today\u2019s strategic partnership was made in the presence of Gohar Shah and Hamza Majeed, who addressed the media alongside the HBL PSL CEO. After the strategic partnership, Gohar, who hails from South Punjab, in his first act as CEO made a request to the PCB to change the name of Sialkot Stallionz to Multan Sultans.
\nThis request was accepted by the PCB upon payment of a one-time license fee and an increase in the Franchise Fee. The 10 year Franchise agreement was amended to reflect a total of PKR 20 billion as the new franchise fee.
\nThe 11th edition of the HBL PSL is set to commence on 26 March, with the opening match between Lahore Qalandars and Hyderabad Kingsmen scheduled to take place at Gaddafi Stadium in Lahore.
\nThe opening fixture was also officially confirmed by Salman Naseer during the press conference.
\nWelcoming the development, Salman Naseer said:
\n\u201cWe welcome Gohar Shah on board as the new CEO of Multan Sultans and to the HBL PSL family.
\n\u201cThe voices of our fans from South Punjab have been heard as New Sultans now take the reigns of the Stallions.
\n\u201cTo our amazing Sialkot fans, we understand the nostalgia and the love you had for the Sialkot Stallions. While the team may have a new home in Multan, the spirit of Sialkot\u2019s passion and cricketing legacy lives on and we will find ways to make it up to you! Many chapters still remain unwritten in the New Era.\u201d
\nSpeaking on the occasion, newly appointed Multan Sultans CEO Gohar Shah said:
\n\u201cBringing Multan Sultans back to represent the people of South Punjab is both a privilege and a responsibility.
\n\u201cThis franchise carries a proud legacy and our commitment is to build on that foundation with professionalism, stability and a brand of cricket that excites our fans and strengthens Pakistan\u2019s game at every level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Lahore The HBL Pakistan Super League (PSL) franchise operating as Sialkot Stallionz has officially been renamed to Multan Sultans, HBL PSL Chief Executive Officer Salman Naseer announced on Tuesday during a press conference at Gaddafi Stadium in Lahore. OZ Developers acquired the Sialkot Stallionz franchise for PKR 18.5 billion for 10 years during a Team […]<\/p>\n","protected":false},"author":2,"featured_media":534684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-534668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n