(Web Desk) – A controversy has emerged surrounding the newly included Pakistan Super League (PSL) franchise, Sialkot Stallions, with allegations of unauthorized share sales surfacing just ahead of the launch of PSL Season 11.
Australia-based businessman Muhammad Shahid, who claims to be the legal owner of 76 percent of the franchise shares, has accused partner Hamza Majeed of attempting to sell additional shares without authorization. Shahid said he has informed the Pakistan Cricket Board (PCB) about the issue and is considering legal action to protect his ownership rights.
According to Shahid, he recently learned that Hamza Majeed, who allegedly holds a 24 percent stake in the franchise, is trying to sell further shares at higher prices without his consent. In a video statement, Shahid asserted that such actions violate their agreement and could potentially create complications for the franchise’s management structure ahead of the upcoming PSL season.
Shahid said he returned to Pakistan after 27 years with the intention of investing significantly in the country’s sports sector and contributing to its economic development. However, he expressed concerns that the partnership was not being handled transparently, adding that his legal team is closely reviewing the matter and may pursue formal proceedings if necessary.
The Pakistan Cricket Board and PSL administration have been notified about the dispute, though officials have yet to publicly comment on the allegations.
The controversy comes at a sensitive time as preparations intensify for PSL Season 11, with stakeholders aiming to maintain stability and investor confidence in Pakistan’s flagship T20 cricket league. Any prolonged legal dispute involving franchise ownership could potentially impact team operations, branding, and sponsorship arrangements if not resolved promptly.
Analysts say the situation highlights the importance of clear contractual frameworks and governance mechanisms in franchise-based leagues, particularly as PSL continues to expand and attract new investors.
