AFL Players Join Marriage Equality Push Attendance Drops Amid MERS Scare Scandal May Change AFL's Drug Policy Mackenzie Says F1 Needs 'Urgent Change' FFA, Players' Union No Closer To Resolution Rafael Nadal Leads Criticism Of RFET Pirelli Suggests 'Huge' F1 Wheel Sizes A-League: PFA Demands Stalled CBA KBL Reveals Measures On Match-Fixing League Notes
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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).