The Sialkot Stallionz ownership controversy has escalated after franchise owner Hamza Majeed rejected claims that OZ Developers had gone bankrupt. The dispute follows the team’s acquisition in the Pakistan Super League (PSL) for Rs 1.85 billion.
Speculation began when reports suggested the parent company had offloaded a significant portion of its shares. These claims surfaced shortly after one partner withdrew following the PSL auction.
The situation intensified when co-owner Mohammad Shahid stated in a video message that his Alpha Sports Group now holds a 76 per cent stake. He further alleged that shares were transferred without the Pakistan Cricket Board’s (PCB) prior consent or approval.
Media reports later claimed that OZ Developers faced bankruptcy and that CD Ventures might take over the franchise.
🚨 SIALKOT STALLIONZ OWNERSHIP UPDATE 🚨
– CD Ventures now owns 99% of the shares of Sialkot Stallionz instead of 98%.
– The remaining 1% stays with OZ Developers as ownership cannot be transferred before 3-year period.
– All the authorities of Sialkot Stallionz are now with… pic.twitter.com/PhSq22u2Es
— Rayham (@RayhamUnplugged) February 23, 2026Sialkot Stallionz Ownership Controversy and PCB Payments
Addressing the Sialkot Stallionz ownership controversy at a press conference in Lahore, Hamza Majeed firmly denied the allegations. He stated that all financial obligations to the PCB had been fulfilled.
“On 15th January, I submitted all my financial obligations to PCB,” he said, questioning reports that suggested default.
Majeed asked whether the PCB or any financial institution had confirmed any payment failure. He added that the PCB had already submitted the bank guarantee for the first year’s franchise fee.
Read: Sialkot Stallionz Unveil Players and Key Signings for PSL 11
Furthermore, he revealed that a three-year corporate guarantee was provided to assure the board of his financial capacity. According to Majeed, the bankruptcy narrative is a baseless allegation that harms his reputation.
Regarding reports of CD Ventures’ involvement, he confirmed that discussions are ongoing. However, he declined to share details due to a Non-Disclosure Agreement (NDA).
He also urged media outlets to verify information with relevant authorities before publishing such claims. The matter remains under public scrutiny as stakeholders await further clarification from the PCB and franchise representatives.
