PCB terminate Pakistan Super League franchise Multan Sultans

Waseem Ahmed 21:18 10/11/2018
  • Facebook
  • Twitter
  • Mail
  • Pinterest
  • LinkedIn
  • Facebook
  • Twitter
  • WhatsApp
  • Pinterest
  • LinkedIn
  • PCB chairman Ehsan Mani.

    In a major development in the Pakistan Super League (PSL), the Pakistan Cricket Board (PCB) on Saturday terminated its franchise agreement with Multan Sultans owners Schon Properties Broker LCC.

    With this move, Schon Properties will no longer own the franchise rights for the Sultans with the rights now transferred completely to the PCB.

    The move came about after the franchise owners failed to meet financial obligations under their agreement with the PCB.

    As a result the team will temporarily be renamed as the ‘Sixth Team’.

    The PCB has confirmed that the 2019 edition of the PSL will go ahead with all six teams while a new tender will be opened at a later stage to find a new team to replace the now defunct franchise.

    For the fourth edition, the PCB will bear full responsibility for the salaries and contracts of all players and coaching personnel for the ‘Sixth Team’.

    “The Pakistan Cricket Board (PCB) has terminated the franchise agreement with Schon Properties Broker LLC which granted franchise rights of the Multan Sultans PSL team. As a result of this termination, all rights in respect of the team have now reverted back to PCB,” the governing body’s statement read.

    “PCB confirms that the fourth edition of PSL will go ahead as planned with six teams and the same number of matches. The Board shall take complete responsibility of all player and coach contracts. Pending further updates, the team shall be referred to as “The Sixth Team” of PSL.

    “PCB will thereafter enter into a public tender process— details will be made public soon — to grant repackaged rights of the Sixth Team. The rights holder would have the option of choosing the sixth franchise city and name.”

    When the player draft for the upcoming PSL edition will be held on November 20, the PCB will conduct all selections for the Sixth Team.

    Recommended