The Pakistan Super League was meant to enter Season 11 with expansion confidence, financial muscle, and global star power. Instead, before a single delivery has been bowled, Sialkot Stallionz — the league’s newest franchise — have found themselves trapped in an ownership crisis that threatens to overshadow their debut and raise uncomfortable questions about governance, transparency, and franchise due diligence.
Let’s separate noise from structure, because right now social media is mixing satire, rumor, verified transactions, and internal disputes into one chaotic narrative.
Who is who?
OZ Developers — owned by Hamza Majeed and Kamil Khan — won the Sialkot Stallionz franchise rights on January 8, 2026, in Islamabad for PKR 1.85 billion. That figure is publicly reported and forms the legal foundation of the franchise’s entry into PSL Season 11. They were the original rights holders.
Alpha Sports Australia — an Australian sports business entity — later entered the picture. According to multiple circulating reports and X discussions, Alpha Sports acquired a 75% stake in the Sialkot franchise in early February 2026. If accurate, this would mean OZ Developers diluted their holding significantly while retaining a minority stake.
Mohammad Shahid — an Australia-based businessman — has since claimed he owns 76% of the franchise and has accused minority partner Hamza Majeed of attempting unauthorized share sales. He has reportedly approached PCB and PSL management seeking intervention and has threatened legal action.
Hamza Majeed — publicly associated with OZ Developers — has dismissed certain claims, calling them misleading and unrelated to PSL operations.
This is where complexity begins. There are effectively two layers of controversy unfolding:
Layer One: The Rapid 75% Stake Transfer Narrative
Fans were shocked by how quickly a newly purchased franchise (PKR 1.85 billion) appeared to transfer majority equity. Critics on X framed it as a “flip” — suggesting OZ secured rights only to offload control almost immediately. This perception triggered backlash because PSL regulations traditionally restrict outright resale of franchise rights within early contractual years. However, selling internal equity shares in a holding company is structurally different from selling league rights outright. The distinction is technical but crucial.
Layer Two: The Mohammad Shahid vs Hamza Majeed Dispute
This is more serious. Shahid claims majority ownership (76%) and alleges unauthorized attempts to sell additional shares without his consent. If true, this shifts the story from speculative investor onboarding to internal corporate conflict. If untrue, it becomes a reputational battle playing out publicly before PSL 11 even begins.
Meanwhile, the attached viral airplane video — showing a bearded executive reacting dramatically mid-flight — added fuel to meme culture. It reinforced fan skepticism: how can a franchise paying PKR 1.85 billion for entry appear so unstable weeks later?
Add to that the optics:
– Wasim Akram appointed as franchise president.
– Sohail Tanvir as bowling coach.
– Steve Smith signed for PKR 14 crore.
– International names like Ashton Turner and Tabraiz Shamsi onboard.
From a commercial standpoint, this was positioned as a serious, well-funded expansion.
Let’s examine financial exposure more rationally:
