CD Ventures Acquires Sialkot Stallionz, Multan Sultans

By Aftab Ahmed • February 22, 2026

In a significant development ahead of the Pakistan Super League (PSL) 2026 season, CD Ventures, led by cricket enthusiast Gohar Shah, has acquired a 98% stake in the Sialkot Stallionz franchise from OZ Developers.

This transaction ends weeks of uncertainty and internal disputes surrounding the ownership of the PSL team.

The Sialkot Stallionz were initially purchased by OZ Developers in January for a record Rs. 1.85 billion.

However, the ownership structure soon became complicated due to disagreements among partners and the collapse of a relationship with Australia’s Alpha Sports Group, which had earlier been announced as a major stakeholder holding a 75% share.

Alpha Sports Group exited the partnership following public disputes that raised questions about the franchise’s control.

Adding to the confusion, Mohammad Shahid, claiming to be a co-owner alongside Hamza Majeed, alleged he held a 76% majority stake and accused Majeed of unauthorized share sales.

Majeed denied these allegations, stating they were unrelated to the PSL franchise and that no formal agreements or payments to the Pakistan Cricket Board (PCB) or PSL authorities had been made.

He described reports of secret share transfers as “false and baseless,” affirming that the Stallionz remained operational and focused on PSL preparations.

With the acquisition by CD Ventures, the franchise’s control has effectively shifted ahead of its debut season, scheduled to begin on March 26.

While the new ownership could lead to changes in the team’s name and identity, fans have already speculated about reviving the Multan Sultans brand. However, any such change remains speculative pending PCB approval.

This development marks a crucial step in stabilizing the franchise’s future and preparing for the upcoming PSL season, as stakeholders work to finalize arrangements and build a competitive team under new management.