The ownership rights of the most expensive team in history, Sialkot, have been acquired by the Oz Group for 10 years for Rs 185 crore for the Pakistan Super League (PSL) season 11. Majeed Chaudhry, the head of the Oz Group, not only attended the bidding ceremony but also took the honour of buying the 8th and most expensive team in history of the PSL. Majeed Chaudhry, the owner of the OZ Group and PSL franchise Faisalabad, is from Australia and returned to the country two years ago. Majeed Chaudhry said that he had been working on the new PSL team for a year and a half. People laugh that everyone is fleeing the country and I am returning to Pakistan.

Source: The Patriot January 09, 2026 14:36 UTC