The Pakistan Super League began in 2016 and has quickly grown into one of cricket’s most exciting T20 tournaments. Each PSL team runs with strong backing from wealthy businesspeople, corporate groups, or overseas investors. Their money, ideas, and long-term planning shape each franchise’s future.
Jump to 2026, and the PSL is entering a new era. The league has expanded from six to eight teams, with Hyderabad and Sialkot joining as the newest franchises. Lahore Qalandars have established themselves as the most successful team of recent years, winning three titles in 2022, 2023, and 2025. Meanwhile, Islamabad United holds the record for the most overall championships with three trophies.
List Of PSL Team Owners: Quick Overview (2026)
Here is a list of the owners of all the PSL teams, Pakistan’s biggest cricket league! Let us see who is behind your favorite teams:
| Team Name | Owners | Owners’ Company | Purchase Year | Annual Fee (PKR) |
|---|---|---|---|---|
| Lahore Qalandars | Fawad Rana, Sameen Rana, Atif Rana | QALCO (Qatar Lubricants) | 2015 | Rs. 670 million |
| Islamabad United | Ali Naqvi, Amna Naqvi | Leonine Global Sports | 2015 | Rs. 480 million |
| Karachi Kings | Salman Iqbal | ARY Group | 2015 | Rs. 640 million |
| Peshawar Zalmi | Javed Afridi | Haier Pakistan | 2015 | Rs. 490 million |
| Quetta Gladiators | Nadeem Omar | Omar Associates | 2015 | Rs. 340 million |
| Multan Sultans | PCB (Temporary) | Pakistan Cricket Board | 2018 (PCB: 2026) | Under Auction |
| Hyderabad | Fawad Sarwar | FKS Group | 2026 | Rs. 1.75 billion |
| Sialkot Stallionz | Hamza Majeed | OZ Developers | 2026 | Rs. 1.85 billion |
This table lists the names of PSL team owners, their companies, and the year they purchased their teams. Some teams have famous personalities as owners, while others have major corporations backing them.
1. Lahore Qalandars: Fawad Rana, Sameen Rana, Atif Rana
Lahore Qalandars started their PSL journey in 2015. The Rana brothers own the team through their Qatar-based company QALCO. Fawad Rana is the most visible face of the franchise, while Sameen Rana handles operations, and Atif Rana serves as CEO.
What makes this team special is its Player Development Program. They ran talent hunts across Pakistan and discovered stars like Haris Rauf, Zaman Khan, and Salman Irshad. These players have now become household names in Pakistan cricket.
The Qalandars struggled in their early years, finishing last in the first four seasons. But they turned things around in a big way. They won their first title in 2022, defended it in 2023, and grabbed a third trophy in 2025. Under the new 2026 franchise renewal, they pay the highest annual fee of Rs. 670 million among the original six teams.
2. Islamabad United: Ali Naqvi, Amna Naqvi
Islamabad United holds the record as the most successful franchise in PSL history. Ali Naqvi and his wife, Amna Naqvi, own the team through Leonine Global Sports. They bought the franchise in 2015 for $15 million over ten years.
Ali Naqvi brings serious financial expertise to the table. He spent over two decades at Credit Suisse and managed businesses with revenues over $2 billion. Amna Naqvi handles the day-to-day team management and has earned praise for her balanced approach to squad building.
The United have won three PSL titles: 2016, 2018, and 2024. They also own the Hong Kong Island United franchise. Their current annual franchise fee stands at Rs. 480 million after the 2025 renewal. The team plays its home matches at Rawalpindi Cricket Stadium.
3. Karachi Kings: Salman Iqbal
Karachi Kings belong to Salman Iqbal, the media mogul who runs ARY Digital Network. He bought the franchise in 2015 for $26 million, making it the most expensive team at that time.
Salman Iqbal grew up in Dubai and built ARY into one of Pakistan’s biggest media groups. The network now spans over 126 countries.
He also runs ARY Films and real estate projects, such as ARY Laguna in Karachi. His estimated net worth sits around $90 million.
The Kings won their first and only PSL title in 2020, beating rivals Lahore Qalandars in the final. Their current annual franchise fee is Rs. 640 million. The team has a fierce rivalry with Lahore Qalandars that draws massive crowds whenever they meet.
4. Peshawar Zalmi: Javed Afridi
Javed Afridi owns Peshawar Zalmi and has turned it into one of the PSL’s most popular brands. He bought the franchise in 2015 for $16 million. The word “Zalmi” means “youth” in Pashto, and the team proudly represents the Khyber Pakhtunkhwa region.
Javed Afridi runs Haier Pakistan and MG Motors Pakistan. His estimated net worth ranges between $400 million and $4 billion, depending on the source. He has used the Zalmi brand to promote social causes through the Zalmi Foundation and even launched Zalmi TV for cricket content.
The Zalmi won their first PSL title in 2017 by defeating Quetta Gladiators. They have reached the finals three times. In November 2025, Afridi renewed the franchise rights for another ten years. The team now pays an annual fee of Rs. 490 million.
5. Quetta Gladiators: Nadeem Omar
Nadeem Omar owns Quetta Gladiators through his company Omar Associates. He bought the franchise in 2015 for $11 million, the lowest price among the original five teams. The Gladiators represent Quetta, the capital of Balochistan province.
Nadeem Omar has a unique background. He served in Pakistan’s merchant navy before entering the business world. His company, Omar Associates, works in construction, mineral processing, and agricultural products. He also serves as president of the Karachi City Cricket Association.
The Gladiators reached the finals in 2016 and 2017 before finally winning their first title in 2019. They also reached the 2025 final. The team’s chant, “Kai Kai Quetta,” is a war cry of the Baloch Regiment. Their current annual fee is Rs. 340 million, the lowest among all franchises.
6. Multan Sultans: PCB (Temporary)
Multan Sultans joined the PSL in 2018 as the sixth team. Ali Tareen and his family owned the franchise after the original owners, Schon Properties, failed to pay their fees. The Tareen family built the Sultans into a powerhouse team.
Under Tareen’s ownership, the Sultans won their first title in 2021 and reached four consecutive finals between 2021 and 2024. However, relations between Tareen and the PCB broke down in late 2025 over renewal terms and league governance issues.
Ali Tareen announced in November 2025 that he would not renew his ownership. The PCB has taken temporary control of the franchise for the 2026 season. They plan to auction the team to new buyers, with a base price expected around Rs. 180 crore.
7. Hyderabad: Fawad Sarwar
Hyderabad became the PSL’s seventh franchise in January 2026. Fawad Sarwar’s FKS Group won the rights with a stunning bid of Rs. 1.75 billion. This makes it one of the most expensive franchise purchases in PSL history.
Fawad Sarwar was born and raised in Hyderabad before moving to the United States 26 years ago. He runs FKS Group, which includes FKS Aviation and ProCare Health. He also owns the Chicago Kingsmen cricket team in the US. For him, bringing PSL cricket to his hometown was a childhood dream.
The Hyderabad franchise will make its debut in PSL 11, scheduled from March 26 to May 3, 2026. Sarwar has promised to build a competitive team and invest in youth development across Sindh province. The full team name and branding will be revealed before the season starts.
8. Sialkot Stallionz: Hamza Majeed
Sialkot became the PSL’s eighth franchise in January 2026. Hamza Majeed’s OZ Developers won the auction with a record-breaking bid of Rs. 1.85 billion. This makes Sialkot the most expensive franchise in PSL history.
Hamza Majeed Chaudhry is an overseas Pakistani who built his business in Australia before returning to Pakistan. He runs OZ Group, which operates in real estate, technology, and trading across Pakistan, Australia, New Zealand, and the UAE. His company also sponsored the World Championship of Legends in the UK.
The team will be called Sialkot Stallionz, reviving a famous name from Pakistan’s domestic cricket. The original Sialkot Stallions won six National T20 Cup titles and held a 25-match unbeaten streak. Hamza chose Sialkot for its rich cricket history and sporting industry. Legendary players like Zaheer Abbas came from this region.
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Conclusion: PSL Teams Are Backed by Major Business Empires
The Pakistan Super League runs on more than just cricket skills. It runs on the vision and investment of its owners. These businesspeople invest in squad building, youth development, and fan engagement. Their choices shape what happens on and off the pitch.
The 2026 expansion marks a new chapter for the league. Two new franchises paid record-breaking fees to join. Five original owners renewed their contracts for another decade. This shows strong confidence in the PSL’s future. As the league grows, these owners will remain the driving force behind its success.
FAQs
The Rana brothers (Lahore Qalandars) and Ali Naqvi (Islamabad United) have won the most titles. Lahore has three titles (2022, 2023, 2025) and Islamabad has three titles (2016, 2018, 2024).
The Pakistan Cricket Board (PCB) owns and operates the PSL. Individual franchises are owned by separate private entities or investors.
Javed Afridi (Peshawar Zalmi) is often cited as the wealthiest, with estimates ranging from $400 million to $4 billion. Salman Iqbal (Karachi Kings) is estimated at around $90 million.
Sialkot Stallionz holds the record for the highest annual franchise fee of Rs. 1.85 billion. Hyderabad follows at Rs. 1.75 billion. Among the original six teams, Lahore Qalandars has the highest valuation with an annual fee of Rs. 670 million.
