Pakistan Super League (PSL) welcomed its sixth team from Multan in the third edition. Schon group purchased the sixth franchise for US$5.2 million per year for an eight year contract in a contest that had 10 bidders. The total contract was therefore worth US$41.6 million. Multan, richly known for the Sufism in the city, the new team got the name Multan Sultans.
But just after a year, the owners of Multan Sultans failed to clear their annual dues and faced termination by Pakistan Cricket Board after giving many chances to clear payment. Dubai based Schon group’s assets were seized by UAE after which they were unable to meet the financial obligations under the agreement. In this way the ownership rights of Multan Sultans went back to PCB therefore PCB is taking all the responsibility of contracts signed by the former franchise of players and coaches. PCB will itself conduct the players picking in the draft along with the same team officials as board is planning to go with the same team staff for the next season of PSL.
PSL season four is set to begin from 14th February 2019.
Interestingly, some team officials of the former team are in contest of buying the new team. Chairman of AKD Group also met chairman PCB and the chances are higher of him purchasing the team. The new team might emerge from Faisalabad.