BCCI Gives New Deadline To WICB ICC World Cup To Air In Six Languages League Notes Koukash Wants English Clubs In NRL ACT Brumbies Looking To Slow Exodus N. Srinivasan To Give Up IPL Club CSK League Notes Minister Calls For Reforms Of Sports Clubs ARU To Review Stream Of Players Leaving Cobalt Investigation Hurting Business
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/October 22, 2013/Leagues and Governing Bodies
IMG-Reliance, Star India Team To Launch Indian Super League Football Championship
Published October 22, 2013
BROADCAST DEAL: In Mumbai, Rao also reported IMG-Reliance has "entered into a multi-million dollar deal with Star India to become equity partners" in a joint venture for the next 10 years to run the proposed football league. Under the agreement, Star will hold a 30% stake in the joint venture with IMG-Reliance to "broadcast and promote" the football league in the country. The IMG-R and Star India's joint venture has decided to distribute 100% of the TV revenue to "its franchise owners in the tournament's first year" (TIMES OF INDIA 10/21). In London, Roger Blitz wrote that the Star Indian investment "is worth between RS15B-RS over 10 years," citing Indian sources. Unlike cricket's IPL, the ISL "is largely a top-down approach to growing football in the country." IMG's Jeff Slack said, "Indian just doesn't have a grass-roots program. If we did that, it's not going to inspire many kids" (FINANCIAL TIMES, 10/21).