FSDL appointed external validator Ernst&Young will go through the bids evaluation procedurals over the coming week.
FSDL – a joint venture between IMG, Star India and Reliance plans to add one to three new teams in the Indian Super League in its fourth edition to be staged in the 2017-18 season. The Indian Super League was established in India in year 2014 under the sanction of the All India Football Federation (AIFF).
Bids were invited from prospective team owners in respect of 10 cities, i.e. Ahmedabad, Bengaluru, Cuttack, Durgapur, Hyderabad, Jamshedpur, Kolkata, Ranchi, Siliguri and Thiruvananthapuram.
It was not disclosed how many entities picked up an ‘Invitation To Bid’ document and also returned the same to the FSDL with the necessary documents.