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Lahore Qalandars Ownership Dispute: Arbitration Orders Rs 2.3 Billion Payment or 51% Share Reversal to QALCO

Arbitration orders Atif and Sameen Rana to pay Rs 2.3 billion or return 51% Lahore Qalandars shares to Fawad Rana’s QALCO.

Arbitration battle: Fawad Rana vs Qalandars

Immediate Impact on Lahore Qalandars

Operational control of Lahore Qalandars remains unchanged for now, pending enforcement or appellate intervention. However, the award introduces significant uncertainty around:

• Board composition and voting control
• Franchise valuation and financing arrangements
• Strategic decision-making ahead of upcoming PSL cycles

A forced restoration of majority shares would materially alter the franchise’s control structure and could reshape its governance model.


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