Lahore Qalandars Ownership Dispute Deepens After Arbitration Ruling
An arbitration tribunal has directed Atif and Sameen Rana, who currently control the Lahore Qalandars franchise, to either hand back management control to Qatar Lubricants Company (QALCO) or compensate their elder brother, Fawad Rana, with Rs 2.3 billion for his shares. Also Read: Mohammad Asif Breaks National Pole Vault Record The ruling was delivered by Justice (r) Maqbool Baqer, an arbitrator appointed by the Supreme Court of Pakistan, who has given the parties 45 days to implement the decision. With markup included, the total payable amount exceeds Rs 3 billion, as recorded in the franchise’s audited financial accounts. The case stems from a...
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