Saints, Falcons Display Unity After Anthem MLS Looking At Cincy For Expansion? More NFLers, College Football Players Join Protests NFL Keeping Vikings-Panthers In Charlotte Baldwin Wants AGs To Ask For Police Reviews Kaepernick Protest Captures National Attention Pacers' Turner Impressed By Fever For Demonstration Premier Boxing Champions Sees Declining Cards Tennis Officials Seek Ways To Speed Up The Game NBA, NBPA To Work With Players On Social Issues
SBD/Issue 63/Leagues & Governing Bodies
IMG Reliance Gains Commercial Rights To Soccer In India
Published December 10, 2010
The All India Football Federation Thursday announced that IMG Reliance has acquired the commercial rights to soccer in the country in a 15-year deal. The deal grants IMG Reliance all commercial rights to all soccer properties controlled by the AIFF, including but not limited to the national teams and all current and future pro leagues. IMG Reliance is a joint venture between IMG Worldwide and Reliance Industries (IMG). REUTERS' Ben Klayman noted terms of the deal, which comes "six months after a similar Indian basketball agreement," were not disclosed, but a source valued it at around $140M. The deal "gives the joint venture the right to 'radically restructure, overhaul, improve, popularize and promote' soccer on an amateur and professional level." There are "more than 3.5 million registered players in 36 state associations that are affiliated with the federation." Reliance Chair Mukesh Ambani is "India's richest man" (REUTERS, 12/9).