Sialkot Stallionz Owner Hamza Majeed Denies Bankruptcy & Confirms All PCB Payments Cleared
PSL 2026’s most controversial franchise is back in the headlines — and this time the owner himself has spoken.
Sialkot Stallionz owner Hamza Majeed has publicly rejected bankruptcy rumours at a press conference in Lahore, insisting all financial obligations to the PCB were cleared on January 15. The drama surrounding PSL 11’s newest team just got a whole lot more complicated — check the complete PSL 2026 squads to see where the Stallionz stand heading into the season.
What Hamza Majeed Actually Said
Majeed was direct and confident at his Lahore presser. He said by the grace of Allah, all financial obligations to PCB were submitted on January 15 — and flat out denied having any money problems.
This statement directly counters weeks of speculation that OZ Developers, the parent company behind the Sialkot franchise, was on the verge of financial collapse after securing the team for Rs 1.85 billion at the PSL auction.
The Ownership Mess — A Full Timeline
| Event | Details |
|---|---|
| PSL Auction | OZ Developers wins Sialkot franchise for Rs 1.85 billion |
| Partner Withdrawal | One partner exits shortly after auction |
| Share Transfer Claim | Reports claim 98% of shares offloaded |
| Alpha Sports Group Claim | Co-owner Shahid claims 76% stake via Alpha Sports |
| Bankruptcy Reports | Media claims OZ Developers facing bankruptcy |
| CD Ventures Rumour | Reports suggest CD Ventures set to take over |
| Hamza Majeed Presser | Denies everything, confirms PCB payments done |
Co-Owner Mohammad Shahid’s Allegations
The situation became more complicated when co-owner Mohammad Shahid released a video statement claiming his Alpha Sports Group now holds a 76% stake in the franchise. Shahid alleged that Hamza Majeed transferred these shares without his knowledge and without PCB approval — a serious accusation that raised major governance concerns.
This internal conflict between the two owners is arguably the bigger story here. One co-owner publicly accusing the other of unauthorized share transfers is not something PSL has dealt with before.
CD Ventures Takeover — Fact or Fiction?
Media reports claimed that CD Ventures was set to take over the franchise amid OZ Developers’ alleged financial difficulties. Majeed has not directly addressed the CD Ventures angle in detail, but his blanket denial of bankruptcy claims effectively disputes the premise of any forced takeover.
The PCB is expected to make an official statement on the ownership situation soon. Until then, the franchise remains in a state of uncertainty.
Why This Matters for PSL 11
Sialkot Stallionz are one of two brand new franchises joining HBL PSL 2026 this season alongside Hyderabad. With the season starting March 26, time is running out to resolve this mess.
Key concerns for the franchise right now:
- Steve Smith and Tim Paine already signed — are they still coming?
- New Balance kit deal — does it survive ownership chaos?
- PCB compliance — will the board intervene if share transfers weren’t approved?
- Kamil Khan already resigned from his cricketing role
- Wasim Akram confirmed he was never formally signed either
PSL 2026 Sialkot Stallionz — Current Status
| Factor | Status |
|---|---|
| PCB Payments | Confirmed cleared (per Majeed) |
| Ownership | Disputed between Majeed & Shahid |
| Share Transfer | Under scrutiny — PCB approval unclear |
| Bankruptcy Claims | Denied by Majeed |
| CD Ventures Deal | Unconfirmed |
| Season Participation | Expected — March 28 first match |
You can follow how Sialkot Stallionz perform once the action starts on the PSL 11 points table from March 26 onwards.
FAQs
Is Sialkot Stallionz owner Hamza Majeed bankrupt? No. Majeed has publicly denied bankruptcy claims and confirmed all PCB financial obligations were submitted on January 15, 2026.
Who is Mohammad Shahid in the Sialkot Stallionz controversy? He is a co-owner who claims his Alpha Sports Group holds a 76% stake and has accused Majeed of transferring shares without PCB approval or his consent.
Will CD Ventures take over Sialkot Stallionz? Nothing is confirmed. Media reports suggested a takeover but Majeed’s denial of financial trouble puts those claims in question.
Did OZ Developers pay the full PSL franchise fee? Hamza Majeed says yes — all payments to PCB were cleared on January 15, 2026.
What happened to Kamil Khan and Wasim Akram at Sialkot Stallionz? Kamil Khan resigned citing internal management decisions. Wasim Akram confirmed no formal agreement was ever signed and talks were limited to phone calls.
Will Sialkot Stallionz play in PSL 2026? Yes, their first match is scheduled for March 28. The ownership dispute has not yet affected their participation status.
