The Indian Super League has secured eight new franchise holders, the organisers have announced.
IMG Reliance, the joint venture between IMG Worldwide and Reliance Industries in India, Star India and the All India Football Federation are organising the inaugural football championship which will begin in September and continue to November this year.
The Indian Super League’s proposal for ‘League Partners’ received an overwhelming response from the business, sports and Bollywood community, to own a team from the nine proposed cities in contention.
The winning bidders represent a strong mix of corporate entities and celebrities:
-Sun Group the Indian conglomerate for BENGALURU.
-Chairman Sameer Manchanda of the cable provider Den Network for DELHI.
-Venugopal Dhoot of the industrial conglomerate Videoco, with Dattaraj Salgaocar and Shrinivas V. Dempo for GOA.
-The Indian film actor John Abraham partnering with the I-League team Shillong Lajong for GUWAHATI.
-Renowned Indian cricketer, Sachin Tendulkar and the media and entertainment investment firm PVP Ventures for KOCHI.
-Former captain of the Indian National team Sourav Ganguly, Harshavardhan Neotia, Spanish football Club Atletico Madrid, Sanjeev Goenka, Utsav Parekh for KOLKATA.
-Bollywood’s Ranbir Kapoor, one of the leading Indian film actors for MUMBAI.
-Indian actor, producer, television presenter and philanthropist Salman Khan together with Kapil Wadhawan and Dheeraj Wadhawan of the Indian conglomerate Wadhawan Group for PUNE.
Each of the winning bidders paid approximately $25 million for a 10-year franchise, valuing the original eight franchises at about $200 million.
“It is with great pride that I welcome the eight League Partners to the Indian Super League. We want to unlock the unbound aspirational energy of our youth through grassroots and community development programs,” said Nita M. Ambani of Reliance Industries. “Together, we will strive to build a vibrant ecosystem that will provide impetus to football in India. As mentor of the League, I commit myself to development of football as a major sport for the youth of India.”
“Today’s announcement is the culmination of several years of hard work and strategic planning,” said Michael Dolan, Chairman and Chief Executive of IMG and Chairman of IMG Reliance. “We are enormously pleased at the level of interest the creation of the Indian Super League has generated. We believe the League signals the beginning of a new era in the development of football in India and, in the future, will be the source of great pride for the people of India.”