Thursday, Dec 18, 2014

Sachin Tendulkar, Sourav Ganguly foray into football, win ISL bids

Indian batting legend Sachin Tendulkar bagged the Kochi franchise. (IE Photo) Indian batting legend Sachin Tendulkar bagged the Kochi franchise. (IE Photo)
By: Press Trust of India | Mumbai | Posted: April 13, 2014 4:02 pm | Updated: April 13, 2014 4:09 pm

Sachin Tendulkar and Sourav Ganguly were among the host of high-profile winning bidders as the organises of the much-anticipated Indian Super League unveiled the eight franchises for the event that is set to take Indian football by storm.

The bid winners for the eight franchises of the league, which is scheduled to be held in September-November, was announced by organisers IMG-Reliance after evaluation of the bids by a seven-member panel.

Tendulkar bagged the Kochi franchise along with PVP Ventures, which also owns a team in the Indian Badminton League while Ganguly, who bid by forming a consortium with  Spanish League giants Atletico Madrid and businessmen Harshavardhan Neotia, Sanjeev Goenka and Utsav Parekh, won the Kolkata franchise.

The Mumbai franchise went to Bollywood star Ranbir Kapoor and Bimal Parekh while another tinsel town biggie Salman Khan bagged the Pune franchise together with Kapil Wadhawan and Dheeraj Wadhawan of the Wadhawan Group.

Another actor John Abraham teamed up with I-League side from the northeast, Shillong Lajong, to bag the franchise to be based in Guwahati.

The remaining three teams went to Sameer Manchanda-led Den Network for Delhi, Sun Group, the owners of IPL team Hyderabad Surisers, for Bengaluru and the consortium of Venugopal Dhoot of Videocon, Dattaraj Salgaocar and Shrinivas V Dempo for Goa.

Organised by IMG-Reliance in association with Star India, the league has the backing of AIFF, and is set to see big names as icon players such as former France international Robert Pires and ex-Sweden and Arsenal player Fredrik Ljungberg.

Sources said that the organisers received positive response from more than 30 interested parties to its ‘Invitation To Bid’ tender notice, which closed on March 27.

It is learnt that around 18 to 20 bidders had put in their money on ISL either through forming a consortium or individually. This is for the first time that a franchise property in sports in India has elicit such a response from the business as well as sports and Bollywood community.

International advisory firm, Ernst & Young, had the mandate of drawing up and validating the bid process. Each bidder was subject to strict eligibility norms and was required to submit the bids, as prescribed under the ‘Invitation to Bid’ document.

The bids were evaluated by the jury panel in the presence of Ernst & Young representatives, the organisers said.

“IMG Reliance and Star India promoted Indian Super League, under the aegis of AIFF, have today reached a crucial junction on its path to rediscover Indian football, as it identifies and awards eight ‘League Partners’ across the country ahead of the proposed September-November 2014 inaugural season,” the IMG-Reliance said.

“Termed as an unrivalled footballing event, the Indian Super League being planned under the Football Sports Development Pvt Ltd. aims to ignite a revolution in the sport and ultimately enable Indian football to thrive and perform at the highest level on the international continued…

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