Family Feud Shakes Lahore Qalandars: Rana Brothers Ordered to Return Control or Pay Rs 2.3 Billion

An arbitration tribunal has ruled that Atif and Sameen Rana, the current controllers of the Lahore Qalandars franchise, must either restore management control to Qatar Lubricants Company (QALCO) or pay Rs 2.3 billion in compensation for the shares of their elder brother, Fawad Rana.Also Read: PSL Creates History As 7th Franchise Sold For PKR 17.5 BillionThe arbitrator, Justice (r) Maqbool Baqer — appointed by the Supreme Court of Pakistan — has given the parties 45 days to comply with the ruling. The order includes markup, pushing the payable amount to over Rs 3 billion, as reflected in the franchise’s audited financial statements.The dispute, rooted in a long-running family conflict dating back to 2018, has exposed a complex web of share transfers, alleged misrepresentation, and undisclosed transactions. While Fawad Rana originally acquired the Lahore Qalandars in 2015 through his Qatar-based company QALCO, control of the franchise gradually shifted to his brothers through a series of disputed share transfers — including a controversial relinquishment of majority ownership in 2020 without any payment.The arbitration proceedings also revealed a previously undisclosed sale of nearly 30% shares to an unidentified individual referred to as “Mr Niazi,” further complicating the ownership structure. Justice (r) Baqer has ordered that all profits arising from this transaction must be fully accounted for.Despite the ruling, the legal battle is far from over. Atif Rana has confirmed that the decision will be challenged in appeal, while QALCO has urged the Pakistan Cricket Board (PCB) to refrain from engaging with the current management until the ruling is enforced.For now, Atif and Sameen Rana are expected to retain operational control of the Lahore Qalandars as the dispute moves to the next legal phase — keeping one of PSL’s most popular franchises entangled in uncertainty.