The Pakistan Super League’s (PSL) Multan Sultans franchise on Monday was sold to media, technology and finance company Walee Technologies after a successful bid of Rs2.45 billion.
At the auction in Lahore, show host Fakhr-i-Alam informed bidders that the winning bid would also cover the annual fee to maintain ownership of the team for the next 10 years.
Moreover, winners were told they could propose a new name for the Multan team, or provide a different city name altogether.
Walee Technologies is a global company specialising in projects in the media, finance and technology sectors, according to their website, which added that the company had also earlier acquired PSL livestreaming rights.
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