LAHORE: Hamza Majeed, owner of Sialkot Stallionz and Chairperson of OZ Group, has addressed recent claims about selling nearly all shares of the franchise to CD Ventures. He called the reports “surprising” and said details cannot be disclosed due to a non-disclosure agreement between the parties.
During a press conference at Gaddafi Stadium, Majeed said, “Three days ago, the share numbers were 75, then 76, then 90, then 98. Yesterday, I was told it even reached 99. The equity dilution will be based on equality.” He added that announcements regarding the franchise and its name will be made after PCB approval within the next few days.
Earlier reports suggested that OZ Group, the original buyer of the newly-launched Pakistan Super League (PSL) franchise, faced financial difficulties and sold the team before the tournament began. The franchise was auctioned on January 8 for PKR 1.85 billion and was later named Sialkot Stallionz.
According to ARY News, sources claimed that OZ Group sold 98 percent of its shares to CD Ventures, led by businessman Gohar Shah. However, Majeed’s statements left questions about the final shareholding and the official announcement.
The Sialkot Stallionz will participate in HBL PSL 11, scheduled from March 26 to May 3, 2026. This season will feature eight teams for the first time. The league also introduced its first-ever player auction on February 11, replacing the previous draft system.
As anticipation grows for PSL 11, fans of Sialkot Stallionz and other franchises are closely watching developments regarding team ownership and player selections. The official announcements from the PCB are expected to clarify the situation in the coming days.
In other news read more about Kamil Khal Steps Down From Sialkot Stallions Amid Management Changes
The upcoming PSL season promises exciting matches, new talent from the player auction, and intensified competition among all eight franchises, including Sialkot Stallionz.
