Tareen reconsiders buying ‘overpriced’ PSL franchise


Ali Tareen, son of PTI stalwart Jahangir Khan Tareen, said that he was reconsidering his plans to buy the sixth franchise of the Pakistan Super League (PSL).

The Lodhran politician who was previously keen to buy the PSL’s franchise — formerly known as Multan Sultans — expressed his reservations on Twitter about the new estimated price of the team.

“Last year when Multan Sultans was sold for 5.2m, I felt it was overpriced. A year later the owners failed to pay PCB, leading to new bids. To keep the team in South Punjab, I planned to bid expecting a price around 4m. But khabr hai ke phir 5m cross ho ga (word is that it will cross 5 million). Now I’m reconsidering,” he tweeted.

Last month, he confirmed to media that he was interested in buying the franchise.

“I want to buy the team for the fourth edition of PSL and for this reason I have had two to three meetings with Pakistan Cricket Board officials in Lahore,” he had said. “I have completed the initial work for a tender for PSL 4”.

On November 10, the PCB had terminated the franchise agreement with Schon Properties for granting franchise rights of Multan Sultans after they failed to meet its financial obligations. All rights of the sixth franchise were reverted back to the board.