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    Thursday, June 1, 2017

    PSL's newest team is Multan, worth $41.6 million

    The Pakistan Super League (PSL) on Thursday welcomed its newest outfit, Multan, which will feature in the third edition of the tournament to be held in 2018.
    Dubai-based Schon Group met the reserve price of $5.2 million per year for an eight year contract, in a contest that had 10 bidders. The total contract is therefore worth $41.6 million.Multan is Pakistan's fifth largest city. For its rich Islamic and Sufi tradition, it is known as the City of Saints.
    Karachi Kings was until now the most expensive team, with the ARY Group purchasing it for $2.6m per year for 10 years.
    The other teams of PSL Lahore Qalandars, Peshawar Zalmi, Islamabad United and Quetta Gladiators were purchased for $2.5m, $1.6m, $1.5m and $1.1m respectively.
    The Schon group is managed and owned by Nasir Schon and his two sons, who have their family roots in Pakistan.
    With the inclusion of a sixth team, the number of matches played in the PSL is also set to be increased. PSL Chairman Najam Sethi is aiming to host at least four matches of the PSL's third edition in Pakistan.The wait for the identity of the sixth team to make its way into the third edition of the Pakistan Super League (PSL) has finally ended.

    Multan have been bought by Schon Group for a price of $5.2 million per year, as per the PSL administration.
    PSL announced the news in a tweet on Thursday.The first two edition of the PSL saw five teams competing with each other for the winner’s trophies.

    Islamabad United, under the leadership of former Pakistan Test captain Misbahul Haq, won the first edition.
    In PSL2, the final of which was organised in Lahore, Peshawar Zalmi under Darren Sammy’s captaincy beat Sarfraz Ahmed’s Quetta Gladiators to be crowned champions.
    With the addition of the sixth team, the tournament is all set to grow with the number of matches being increased as well.
    Meanwhile, according to league’s chairman Najam Sethi, four matches apiece will be played in Karachi and Lahore in the third edition; great news for Pakistani cricket fans who have been starved of international cricket in the country.

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    Item Reviewed: PSL's newest team is Multan, worth $41.6 million Rating: 5 Reviewed By: Abdul Sattar Qamar