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.
-
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair