The Times of India

Multan Sultans dissolved: New owners move franchise to Rawalpindi after record $8.8m PSL bid

In a record-breaking deal, Walee Technologies has acquired the Multan Sultans for $8.8 million annually, making it the most expensive Pakistan Super League franchise. The team will be rebranded as Rawalpindi. This significant sale follows the PSL's expansion to eight teams and marks a new era for the league, with the former owner stepping down after disagreements with the PCB.