LAHORE: An arbitration tribunal has delivered a landmark ruling in the long-running family feud over the Lahore Qalandars franchise, declaring key share transfers invalid and ordering the current management to either repay billions or restore majority control to the original stakeholder — a decision that could reshape one of Pakistan Super League’s most popular teams.
Retired Justice Maqbool Baqer, appointed by the Supreme Court, found that the transfer of 51% shares in Kausar Rana Resources (Pvt) Limited (KRR) — the parent company of Lahore Qalandars — from Qatar Lubricants Company (QALCO) to brothers Atif Naeem Rana and Sameen Naeem Rana was legally void, lacking proper authorization and consideration.
For the past three years, Fawad Rana has been involved in a messy legal battle with his younger brothers, Atif and Sameen, to try and regain control of the Lahore Qalandars. An arbitrator just ruled in his favour, but the case is far from over. Full story: https://t.co/QVRy7zxJd2pic.twitter.com/emQHCAeL8v
Tribunal declares 2018 and 2020 share transfers void and fraudulent.
Atif and Sameen Rana ordered to pay QALCO Rs2.296 billion (plus markup from June 2020) or restore QALCO’s 51% majority stake within 45 days.
Respondents must account for profits from a concealed 30% share sale to “Mr. Niazi” for $5 million.
Fawad Ahmed Rana (QALCO MD and elder brother) proved he was not in Pakistan during alleged signings; witness signatures mismatched.
Counterclaim of Rs50 billion by respondents dismissed for lack of evidence.
Dispute originated from Supreme Court referral on December 2, 2024.
The case stemmed from QALCO’s original acquisition of the Lahore PSL franchise rights in 2015, later transferred to KRR where QALCO held 51% at incorporation. The younger brothers argued the transfers were needed to navigate UAE-Qatar tensions during the Abu Dhabi T10 league, but the tribunal rejected this, citing fabricated documents, no payments via proper channels, and failure to produce originals or key witnesses.
Evidence showed Fawad Rana abroad during disputed signings, and Sameen Rana admitted signature mismatches under cross-examination. The hidden sale of 30% shares to an investor further undermined the respondents’ position.
This ruling highlights the complexities behind one of PSL’s flagship franchises, which has built a massive fanbase through strong performances and branding. Lahore Qalandars remain a symbol of Pakistani cricket’s vibrancy — drawing crowds and talent alike — and any shift in ownership could spark fresh discussions on stability and governance in the league. The PCB may monitor developments closely, as franchise continuity supports the league’s growth and national pride.
Next Steps and Outlook
Atif Rana has indicated plans to appeal, meaning the current management could retain control pending further proceedings. QALCO has called on the PCB to freeze major decisions until resolution. The 45-day compliance window adds urgency, but appeals often extend timelines in such high-stakes matters.
Pakistan’s cricket ecosystem thrives on resilience, and this chapter underscores the importance of transparent management in sustaining fan trust and team success. Whichever way the appeals go, Lahore Qalandars’ journey continues to captivate the nation.
