Multan Sultans’ contract terminated
November 11, 2018
From our correspondent
LAHORE: Pakistan Cricket Board (PCB) has terminated the contract of Pakistan Super League (PSL) franchise Multan Sultans for their failure to submit bank guarantee.
Sultans were due for $5.2 million guarantee for the fourth edition of the tournament.
The property, land and an Escrow account registered in the name of Schon Properties, which own the PSL club, were earlier seized by the Dubai Land Department (DLD), according to Arab News.
Schon Properties had bought the franchise in 2017 with a winning bid of $41.6 million, paying $5.2 million for each season and becoming the most expensive of the six PSL franchises.
-
Andrew, Sarah Ferguson Refuse King Charles Request: 'Raising Eyebrows Inside Palace' -
Adam Sandler Reveals How Tom Cruise Introduced Him To Paul Thomas Anderson -
Washington Post CEO William Lewis Resigns After Sweeping Layoffs -
North Korea To Hold 9th Workers’ Party Congress In Late February -
All You Need To Know Guide To Rosacea -
Princess Diana's Brother 'handed Over' Althorp House To Marion And Her Family -
Trump Mobile T1 Phone Resurfaces With New Specs, Higher Price -
Factory Explosion In North China Leaves Eight Dead -
Blac Chyna Opens Up About Her Kids: ‘Disturb Their Inner Child' -
Winter Olympics 2026: Milan Protestors Rally Against The Games As Environmentally, Economically ‘unsustainable’ -
How Long Is The Super Bowl? Average Game Time And Halftime Show Explained -
Natasha Bure Makes Stunning Confession About Her Marriage To Bradley Steven Perry -
ChatGPT Caricature Prompts Are Going Viral. Here’s List You Must Try -
James Pearce Jr. Arrested In Florida After Alleged Domestic Dispute, Falcons Respond -
Cavaliers Vs Kings: James Harden Shines Late In Cleveland Debut Win -
2026 Winter Olympics Snowboarding: Su Yiming Wins Bronze And Completes Medal Set