HBL PSL tug-of-war continues off the field
The most expensive franchise, Multan Sultans, pays approximately PKR 1.08 billion annually in franchise fees alone, with other expenses being additional. The team suffers heavy losses every year, which is why, even before the current edition, owner Ali Tareen had started voicing concerns about the model.
Recently, during a media interaction in Multan, Tareen clearly stated that if the franchise fee is increased, they would consider going for re-bidding. According to sources within the board, when the PCB approached the franchises a few months ago to inquire whether they wished to retain their teams, all franchises, including Multan Sultans, expressed their willingness. However, suddenly, Ali Tareen began making stern statements, which surprised many.
It now seems that Tareen is preparing the ground for a major decision or trying to exert pressure on the board to reduce the fees. Board sources mentioned that, according to the agreement, a reduction in the franchise fee is not possible. After the valuation, an increase is inevitable. If Multan Sultans decides to leave, the team will be re-bid, though it is still unclear whether the current owner will be able to participate in that process.
If any one franchise is allowed a reduced fee, other teams will also demand the same, a situation that the board cannot accept under any circumstances. Meanwhile, some circles are questioning why the PCB has not taken any action against Ali Tareen for his controversial statements, with no show-cause notice being issued.
Sources suggest that after the valuation, the annual franchise fee for Multan Sultans could rise to around PKR 1.5 billion. Consequently, the pressure on PSL authorities will increase to sell two new teams for over PKR 2 billion each. Given the current market conditions, this will be very difficult to achieve. Therefore, if the Sultan's franchise fee is reduced or maintained, it may allow new teams to be sold for a little over PKR 1 billion, which could be a reason for the league's leniency. However, board sources have dismissed this perception, saying, "Why would we devalue our league? If anyone is dreaming of buying a franchise at a low price, they will be disappointed. Many parties, both in Pakistan and abroad, are ready to join the PSL."
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