BCCI For Transparency In IPL Media Rights Pink Cricket Balls Debut In India Cricket Australia's Top Participation Sport Schiller Leaves America's Cup Post Coe Wants Bolt To Develop Athletics World Rugby Probing Listening Device AFL Alters Draft Bidding System Coe Says No Deadline For Russia's Return NRL Could Hold Matches In Hawaii IAAF President Praises Sport
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).