The Pakistan Cricket Board (PCB) on Saturday confirmed that it has terminated Multan Sultans' franchise agreement with Schon Properties Broker LLC as the former owners failed to meet the financial obligations. The development comes just nine days ahead of the draft for the fourth edition of the PSL in Islamabad. Since the termination sees all the rights of the team going back to the PCB, the team selections during the draft will be done by the cricket board itself.
The formerly known Multan Sultans will now be referred as "The Sixth Team" - most notably during the draft - till a new owner takes control. The PCB will attract fresh bids for the team through a public tender process which will grant the eventual rights holder the option of choosing the sixth franchise city and its name.
The PCB has assured that the dissolution of the franchise will have no impact on the fourth edition of the PSL which begins from February 14 next year and have 34 matches.
https://www.cricbuzz.com/cricket-news/105044/pcb-terminates-franchise-rights-of-multan-sultans-psl-cricket
The formerly known Multan Sultans will now be referred as "The Sixth Team" - most notably during the draft - till a new owner takes control. The PCB will attract fresh bids for the team through a public tender process which will grant the eventual rights holder the option of choosing the sixth franchise city and its name.
The PCB has assured that the dissolution of the franchise will have no impact on the fourth edition of the PSL which begins from February 14 next year and have 34 matches.
https://www.cricbuzz.com/cricket-news/105044/pcb-terminates-franchise-rights-of-multan-sultans-psl-cricket