Multan Sultans (Punjabi/Urdu: ملتان سلطانز) was a Pakistani professional Twenty20 franchise cricket team representing Multan, Punjab, in the Pakistan Super League from 2018 to 2025. The team was established in 2017 as the sixth franchise of the league, added ahead of the third season. The team played its home matches at the Multan Cricket Stadium. On 9 February 2026, the team was auctioned and was subsequently renamed to represent Rawalpindi under new ownership.
Initially, the franchise was owned by Schön Properties for US$41.6 million over eight seasons, but the contract was terminated in 2018 after payment defaults. Later that year, a consortium led by Alamgir Khan Tareen and Ali Khan Tareen acquired the team. Alamgir Tareen became the sole owner in 2021, and the Tareen family managed the franchise until 2025, when Pakistan Cricket Board (PCB) refused to renew the ownership contract.
Multan Sultans had won their first PSL title in the 2021 season by defeating Peshawar Zalmi in the final. The franchise reached the finals in four consecutive seasons between 2021 and 2024, winning once and finishing runners-up three times, establishing itself as one of the PSL’s most consistent teams.
Following the expiration of the franchise agreement, the PCB auctioned the Multan Sultans on 9 February 2026. Walee Technologies won the bid of PKR 2.45 billion and chose to relocate and rebrand the franchise to Rawalpindi, officially ending Multan's representation in the PSL.
In April 2017, a few weeks after the conclusion of the 2017 Pakistan Super League, then PSL chairman Najam Sethi announced that a sixth team would be added for the third season. The Pakistan Cricket Board short-listed five regions as possibilities for the new franchise. In June 2017, the franchise was officially established after Schön Properties won the bid for an eight-year contract against ten other contesting bidders.
On 10 November 2018, the PCB announced that the franchise agreement with Schön Properties had been terminated, and all rights in respect to the franchise were returned to the board. The termination followed the franchise's failure to pay the annual fee required by the PCB. The PCB temporarily took over the management of all player and coaching contracts while launching a new public tender to sell the repackaged rights for the franchise.
In December 2018, the Multan Consortium, led by Alamgir Khan Tareen and Ali Khan Tareen, won the bid for the team. In 2021, Alamgir Khan Tareen became the sole owner of the franchise and remained in that role until his death in 2023. The franchise was then managed by the Tareen family group.
In 2025, the franchise became involved in a public dispute with the PCB regarding the Pakistan Super League's financial and operational structure. In April, franchise owner Tareen criticised the board's approach to the league's expansion and revenue model, arguing that the upcoming season lacked meaningful innovation despite being promoted as the "biggest ever." On 23 October 2025, the PCB issued a suspension and termination notice to the Multan Sultans over alleged contractual breaches.
On 25 November 2025, owner Ali Tareen announced via social media that he would no longer be the owner of Multan Sultans after failing to reach an agreement with the PCB for a renewal of his ownership. PCB decided to keep the franchise for the 2026 season and seek new buyers.
Multan Sultans were made available for auction ahead of the PSL 2026 season as the PCB invited bidders for the team franchise rights. On 9 February 2026, Walee Technologies won the auction with a bid of PKR 2.45 billion. The PCB offered the winning bidder the option to retain the Multan Sultans identity, change the team name, or relocate the franchise. Walee Technologies chose to relocate the team to Rawalpindi and rebrand it accordingly, officially ending Multan Sultans' participation in the PSL.