Pakistan Cricket Board (PCB) is now accepting bids from the interested parties for the rights of the sixth franchise of the Pakistan Super League (PSL).
The board has given an advertisement in the national newspapers today, inviting interested parties to obtain bid documents from the board until December 14.
PCB has maintained that it would not accept a document obtained from any other source.
It also mentions that the deadline to submit the technical and financial proposals is by 11 am December 18.
The proposals should be submitted at the PCB head office in Lahore.
The bidding process is taking place after PCB had to end the contract with Schon Properties – former owners of the sixth team Multan Sultans – as they failed to meet the financial obligations.
After the termination of the contract, all the rights of the sixth team reverted to the board, and it decided to find a new owner for the team.
On Thursday, Renowned politician Jahangir Tareen’s son Ali Tareen showed interest in buying the rights for the sixth team.
He said he has completed the documentation and has already met with the board officials twice in this regard.
Tareen said he would retain the name of Multan if he succeeds in winning the bid.