A new city, a new identity, and a new price benchmark — the Pakistan Super League’s former Multan franchise has officially entered its next chapter.
The Rawalpindi-based team, acquired earlier this month for PKR 2.45 billion (approx. US$ 9 million), has been renamed “Pindiz.” The announcement was made through a 25-second promotional video posted on X, marking the formal rebrand ahead of PSL 11, which runs from March 26 to May 3.
🚨 Team Rawalpindi’s official franchise name is here.
We’re bold
We’re challenging
We’re bringing the vibe
We’re changing the game 🔥Next up: the official team logo 👀🔜#HBLPSL11 #NewEra | @thePSLt20 | @M_Ahsan_Tahir | @CWR_WALEE pic.twitter.com/f9hXr3iRf0
— Pindiz (@thepindiz) February 22, 2026
Pindiz unveiled through social media reveal
The short video featured iconic landmarks of Rawalpindi, layered with upbeat music and visual cues celebrating the city’s energy. The name “Pindiz.” appeared as part of the franchise’s official reveal via social media.
In the caption accompanying the video, the franchise declared, “Team Rawalpindi’s official franchise name is here. We’re bold. We’re challenging. We’re bringing the vibe. We’re changing the game,” the Rawalpindi franchise captioned a promotional video posted on social media (X).
The management also teased further branding elements, stating, “Next up: the official team logo.” The promotional clip itself concluded with the text, “To be continued.”
The rollout signals a full strategic repositioning of the franchise, which had temporarily operated under the placeholder label ‘Team Rawalpindi’ during player auction proceedings.
From Multan Sultans to Rawalpindi’s new era
The franchise was previously known as Multan Sultans under Ali Tareen’s ownership. After declining to renew the decade-long ownership agreement following PSL 10, the Pakistan Cricket Board assumed temporary control.
Initially, only two new franchises were put up for auction as the league expanded to eight teams. Hyderabad Houston Kingsmen were acquired by FKS Group for PKR 1.75 billion (approx. US$ 6.3 million), while Sialkot Stallionz were secured by OZ Developers for PKR 1.85 billion (approx. US$ 6.6 million).
Encouraged by those valuations, the PCB reversed its earlier stance and formally invited bids for the Multan franchise as well. In its advertisement, the board described the shortlisting and evaluation framework as a “thorough and transparent” process.
Five bidders were shortlisted before Walee Technologies ultimately secured ownership following a competitive bidding war, most notably against CD Ventures, which submitted the second-highest offer.
Record valuation reshapes PSL franchise market
The PKR 2.45 billion (approx. US$ 9 million) winning bid established a new benchmark in PSL franchise pricing. The auction, held at the Expo Centre in Lahore, underscored the league’s commercial momentum as it transitions into its 11th season with eight teams.
With the acquisition finalized, the new ownership group exercised its right to relocate and rebrand the team, shifting its identity from Multan to Rawalpindi — a move designed to anchor the franchise in the garrison city’s sporting ecosystem.
Squad set for PSL 11 campaign
The newly branded Pindiz squad for PSL 11 includes Mohammad Rizwan, Sam Billings, Zaman Khan, Yasir Khan, Naseem Shah, Rishad Hossain, Daryl Mitchell, Mohammad Amir, Abdullah Fazal, Amad Butt, Dian Forrestor, Laurie Evans, Asif Afridi, Kamran Ghulam, Fawad Ali, Mohammad Amir Khan, Shahzaib Khan and Jake Fraser-McGurk.
With the identity now confirmed and branding rollout underway, Rawalpindi’s reimagined franchise enters PSL 11 positioned as both a commercial heavyweight and a competitive contender.
The message from the ownership is clear: the rebrand is only the beginning — and, as the launch video signaled, there is more still to come.
