Multan becomes the sixth team in the popular Pakistan Super League (PSL) and will feature in the third edition of the cricket tournament to be held in 2018.
Schön Group bought the team for a $5.2 million per year price tag for an eight year contract. The total bill is therefore $41.6 million.
Schön Group is based in Dubai and owned by Nasir Schon who prominent business leader of Pakistan who is also the CEO of Schon Group and Schon Properties. He is the son of Captain Ather Schon Hussain, an ex-pilot of PIA and belongs to a striving Urdu Speaking Muhajir family of Pakistan.
— PakistanSuperLeague (@thePSLt20) June 1, 2017
Multan, also known as the City of Saints, is Pakistan’s fifth largest city and known for its agriculture and industrial products but what really distinguishes Multan from rest of Pakistan is the ever-lasting rich Islamic and Sufi traditions and culture.
Multan becomes the most expensive team of PSL as it crosses Karachi Kings which is owned by ARY Group for a $2.6 million yearly price tag. Lahore Qalandars, Peshawar Zalmi, Islamabad United and Quetta Gladiators were purchased for $2.5m, $1.6m, $1.5m and $1.1m respectively.
Now with a sixth team added to the thrilling contest, the number of matches are expected to increase with eight of them to be played in Pakistan, according to PSL Chairman Najam Sethi.