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The Football Sports Development Limited (FSDL), organisers of the Indian Super League is set to announce the winning bids for new team(s) in Indian Super League on Monday, June 12, 2017.
The winning bidders will be enrolled and awarded the right to participate in the Indian Super League starting from the upcoming season of 2017/18.
An Independent panel conducted the tender process, which commenced from May 12, 2017 through ‘Invitation To Bid’ (ITB) and evaluated the bids to maintain an open and transparent process. E & Y, the consulting firm is expected to complete, by Sunday the evaluation for all the bids received during the ITB procedure and present its results on Monday, June 12, 2017.
The 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.
As per the timelines declared in ITB and to maintain the transparency in the process, the organisers closed the window for bid submission on last day of May 25, 2017.
