Picture Courtesy: The Express Tribune
The Sialkot Stallionz story has taken a dramatic turn in just a few weeks. What began as a record breaking franchise deal quickly turned into one of the most chaotic ownership sagas in PSL history.
Here is what happened, based on publicly shared updates and widely reported developments within Pakistan’s cricket circles.
A Record Purchase by OZ Group
On 8 January, OZ Group bought Sialkot Stallionz for PKR 185 crore. The deal grabbed headlines across the cricket community. Many analysts viewed the investment as a bold and ambitious move ahead of PSL 2026.
At that point, fans expected stability, long term planning, and aggressive team building. Instead, the situation changed rapidly.
Internal Changes and Share Transfers
On 20 January, one partner reportedly exited the ownership structure. While ownership reshuffles can happen in business, the timing raised eyebrows.
Then on 9 February, OZ Group sold 75 percent of its shares to Australia based Alpha Sports Group. A majority stake change within weeks created obvious uncertainty. Investors usually prefer strategic clarity, not quick transitions.
The situation escalated on 18 February when Alpha Sports Group made serious allegations against OZ Group and stepped away from the franchise. That development intensified concerns about governance and internal alignment.
CD Ventures Takes Control
The biggest shift came on 22 February. CD Ventures, led by Gohar Shah, acquired 98 percent shares of Sialkot Stallionz. This move effectively ended OZ Group’s control and handed operational authority to the new majority owner.
Several cricket focused platforms and PSL related coverage confirmed the takeover through public announcements. As of now, CD Ventures controls the franchise structure.
Speculation about a possible name change to Multan Sultans has circulated online. However, no official confirmation has appeared regarding rebranding, so that remains unverified discussion.
What This Means for PSL 2026
The PSL depends on franchise stability, transparent management, and strong commercial planning. Rapid ownership shifts can create operational pressure. Sponsors and players want certainty.
Still, new ownership can bring renewed focus and fresh strategy. If CD Ventures builds a clear roadmap, Sialkot Stallionz can move forward with confidence.
In just 45 days, the franchise shifted from record investment to complete restructuring. Now, fans will hope the headlines return to cricket performance rather than boardroom drama.