Ali Khan Tareen wins bid for PSL’s sixth team

On Thursday, Ali Tareen-led Multan consortium won the franchise rights for the sixth team of the Pakistan Super League (PSL).

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The rights have been awarded for seven years.

Ali, the son of former Pakistan Tehreek-i-Insaf (PTI) secretary general Jahangir Tareen, a day earlier confirmed that the bid had been submitted.

According to a tweet by PSL, the Pakistan Cricket Board (PCB) had set the reserve price at $5.21 million per year for a period of seven years. “This reserve price has been exceeded by the bid winners.”

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