The newly formed Sialkot Stallionz franchise is facing an ownership controversy ahead of its debut in the 2026 Pakistan Super League (PSL 11). The dispute has raised concerns among fans and investors as the league prepares to kick off.
Majority Owner Raises Concerns
Mohammad Shahid, who claims to hold a 76 percent majority stake in the franchise, has publicly warned that minority partner Hamza Majeed sold shares without proper authorization. Shahid has reportedly approached both the Pakistan Cricket Board (PCB) and PSL management, requesting their intervention.
He has also indicated that legal action may be pursued to protect his claimed ownership rights. The warning highlights growing tensions within the franchise as stakeholders prepare for the team’s first season.
Social Media Speculation
The dispute has fueled speculation on social media regarding the franchise’s original acquisition. Rumors suggest that the initial purchase by OZ Developers was intended as a short-term strategy. The company may have aimed to capitalize on market hype by selling shares to foreign investors.
Earlier this month, Australia-based Alpha Sports Group acquired a 75 percent controlling stake in the Sialkot franchise. This deal significantly altered the ownership structure, leaving OZ Developers, led by Hamza Majeed and Kamil Khan, with a 25 percent minority holding.
Potential Role of Wasim Akram
Reports indicate that former Pakistan captain Wasim Akram, serving as the franchise’s president, may hold around 10 percent of the team. However, no official confirmation regarding his ownership has been issued. Akram’s involvement is expected to provide leadership and cricketing expertise to the new franchise.
Sialkot Stallionz in PSL 11
The Sialkot Stallionz is the eighth team to join the PSL. The franchise is set to make its debut in PSL 11, which starts on March 26, 2026. The team was initially purchased by OZ Developers for a record Rs. 1.85 billion, reflecting its high market value.
Despite the growing controversy, neither the PCB nor PSL management has released a formal statement regarding the ownership dispute. League officials are closely monitoring the situation to ensure it does not disrupt the upcoming season.
Outlook and Implications
The ownership controversy has drawn attention to franchise governance in the PSL. Resolving the dispute will be critical for maintaining investor confidence and ensuring smooth operations ahead of the season. Stakeholders are urged to clarify shareholding arrangements before the team’s debut.
In conclusion, the Sialkot Stallionz ownership dispute underscores the complexities of managing PSL franchises. Fans and investors will watch closely as the franchise navigates legal, financial, and operational challenges in the lead-up to PSL 11.
