Who is Hamza Majeed Chaudhry, Buyer of the Most Expensive PSL Team?

Following the expansion of the Pakistan Super League (PSL) and the announcement of its eighth team, people around the world have been eager to learn about the investor who purchased the league’s most expensive franchise, breaking the record previously set by the Multan Sultans.

Hamza Majeed Chaudhry, the Chairman of OZ Group and a successful entrepreneur from the Pakistani diaspora, has acquired ownership rights to the Sialkot franchise for 1.85 billion PKR (approximately $6.55 million).

Starting his business from a small room in Australia, he has now established himself as the most influential investor in Pakistan’s premier cricket league.

Hamza Majeed Chaudhry, a self-made billionaire from Lahore, is the owner of the OZ Group and is well-known in international trading platforms as well as real estate projects. For comprehensive information about his professional career, you can visit the official website of OZ Group.

Hamza Majeed’s business journey is a remarkable example of going from a “Single Room to a Global Empire.” After completing his education and starting his early business ventures in Australia, he made a significant impact on the real estate sector in Pakistan. His flagship project, “OZ Developers,” is currently transforming the skyline of Lahore. His inspiring success story has been featured on Sportslink.pk.

Hamza Majeed is both a fan and a strategic investor. He believes that there is limited potential for private investors in Pakistan’s cricket leagues. He purchased the Sialkot team not just as a sports team but also as an opportunity to establish an international sports brand.

The acquisition of the Sialkot cricket team has sent shockwaves through the entire cricket world. According to reports, Business Records has confirmed that the bidding process was extremely competitive.

**Team Name:** Sialkot 

**Acquisition Cost:** 1.85 Arab PKR 

**Previous Record Holder:** Multan Sultans (This acquisition is notably expensive) 

**Bidding Competitors:** OZ Developers emerged victorious, surpassing major contenders such as i2c and Aim Next.

Sialkot’s valuation is now 30% higher than that of the previous PSL teams. This auction demonstrates the renewed confidence of investors in Pakistan, according to a report from the Express Tribune.

Hamza Majeed’s model emphasises ROI (Return on Investment). He aims to achieve break-even within the first three years through broadcasting rights and global sponsorships..

Hamza Majeed Chaudhry is the Chairman of OZ Group and the official owner of the Sialkot franchise.

Currently, Sialkot is the most expensive team, bought for 1.85 billion PKR (approximately 6.55 million dollars).

Sialkot is the centre of sports manufacturing, which strengthens its global brand value and local fan base.

The Pakistan Cricket Board (PCB) has officially confirmed the ownership of Hamza Majeed Chaudhry. According to Dawn News, the auction took place at the Jinnah Convention Centre, with Wasim Akram in attendance in Islamabad.