New Indian Super League Set To Provide Relief To India's Oldest Football Clubs
The Indian Super League, promoted by IMG-Reliance and STAR India, "is set to provide the much needed relief to India's oldest football clubs such as East Bengal and Mohun Bagan among others," according to Digbijay Mishra of the Indian BUSINESS STANDARD. Though various stakeholders of the game are seeking more clarity into the ISL, football clubs are set to get financial support via the Indian Premier League-style league as these clubs would get a "substantial" part of revenue offered for football players playing in ISL. At present, the range of football players' contracts vary from Rs 20 lakh ($33,000) to Rs 1.5 crore ($249,000) a year. While "upcoming domestic players are at the mid and lower level of the pyramid," established domestic players and foreign names are at the top of the pyramid. Each player "would get a premium over his stipulated salary of two-three months (duration of ISL tournament) from the franchises." A senior official at Mohun Bagan Club said, "This would provide some relief to the clubs' finances but what would be crucial of the league's success is what range of global players would actually come and play during the ISL" (BUSINESS STANDARD, 4/16).