A long-running corporate dispute over the ownership and control of Lahore Qalandars has reached a decisive—but not final—stage. An arbitration award has ruled in favor of Fawad Rana, directing his brothers Atif Rana and Sameen Rana to either restore majority shareholding of the franchise’s parent company to Qatar Lubricants Company (QALCO) or pay approximately Rs 2.3 billion, along with additional markup.
The ruling has immediate implications for the governance of one of the Pakistan Super League’s most prominent franchises, while opening a new phase of litigation over enforcement and appeal.
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