The Qalandars’ renewal highlights both sporting success and financial prudence. By paying the old franchise fee plus 25% of the new valuation, the owners enjoy substantial cost savings, while ensuring the team remains at the forefront of the league.
Qalandars have surpassed Karachi Kings, who were initially the most expensive franchise but have seen the lowest growth percentage among the five founding teams. While other franchises are expected to renew, the Multan Sultans face controversy due to depreciation in their franchise value.
This agreement ensures Lahore Qalandars remain a strong financial and competitive presence in PSL for the coming decade.
The PSL is planning to expand by adding two new franchises in the next season, with bidding expected early next year. Lahore Qalandars’ long-term renewal sets a precedent for strategic investment and sustainable growth in the league.
Owners Sameen and Atif Rana’s decision not only reinforces their commitment to the sport but also showcases an economically savvy model for other franchises. As PSL grows, the Qalandars’ approach to combining financial prudence with on-field excellence could serve as a benchmark for all teams.
Lahore Qalandars, the reigning champions and three-time PSL winners, have officially renewed their franchise ownership for the next ten years. Owners Sameen Rana and Atif Rana announced the decision through a media release, ending speculation over the future of one of the league’s most valuable teams.
An independent valuation by EY-MENA, tasked with assessing the financial worth of each PSL franchise, estimated the Qalandars’ value at approximately PKR 980 million ($3.47 million) per year. However, under the new agreement, the current owners will not pay the full value. Instead, they will pay the old franchise price of PKR 425 million ($1.5 million) plus 25% of the new valuation, amounting to around PKR 670 million ($2.37 million) annually. This structure saves the Ranas approximately PKR 300 million ($1.06 million) per year compared to a new owner.
The franchise said in a statement: “The Qalandars have accepted the PCB’s renewal offer and will continue as a PSL team for the next ten years. Following an independent valuation, Lahore Qalandars have been recognized as the most valuable team based on on-field performance and organizational strength. This reflects our commitment to sustainable growth and long-term development.”