IMG-Reliance & Star India to float bid tender for ISL
~ ‘Invitation To Bid’ document to be available from 3rd March 2014 ~ ~ Winning bids to be announced in first week of April 2014 ~
International Management Group Worldwide and Reliance Industries Ltd.’s joint venture in India, ‘IMG-Reliance’, together with Star India Pvt. Ltd. today announced its plans to commence the bidding process for Indian Super League clubs through ‘Invitation To Bid’ tenders starting Monday, 3rd March 2014.
The ambitious Indian Super League – an unrivalled football championship to be staged from September to November 2014, will foster local talent and feature international stars with the aim of making the game one of the country's flagship sport.
The Indian Super League, backed by All India Football Federation, to which IMG-Reliance is the commercial partner, has been designed to entice an entire new generation of sports fans into the football grounds throughout the country and is expected to help expand the market for football outside the regular pockets in the county.
The League promises to revolutionize the sport, leveraging the strengths of all three partners who are focused on growing the game to national prominence and offer Indian football greater global exposure.
Bids will be invited through the ‘Invitation To Bid’ or ITB documents in respect of initial nine cities, namely Bangalore, Chennai, Dehli, Goa, Guwahati, Kochi, Kolkata, Mumbai and Pune. Off these nine cities, winning bidders for the top eight cities will be granted the right to own and operate a new football club and participate in the Indian Super League.
The ITB and other bid related documents will be available on working days between 10:00 am to 5:00 am from 3rd March 2014 to 21st March 2014 (both days inclusive) at the IMG-Reliance office, Bandra (East), Mumbai.
All bidding parties need to satisfy the eligibility criteria and other requirements specified in the ITB. Interested parties need to submit the bidding documents at IMG-Reliance Mumbai office no later than 5:00 pm, 25th March 2014.
Ernst & Young, the advisory firm, has been entrusted the responsibility of evaluating the bid documents, following which the winning participants will be announced by first week of April 2014.
About Star India
Star India has defined India’s broadcast media for over two decades and is today one of the country’s leading media and entertainment companies. Star India broadcasts more than 40 channels in 7 languages, reaching more than 600 million viewers every week across India and 100 other countries. The network’s channel portfolio includes Star Gold, Channel [V], Star World, Star Movies, Star Utsav, Life OK, Movies OK and Star Plus, India's No. 1 General Entertainment Channel. It has a leading presence in regional broadcasting as well, through a bouquet of affiliate channels which includes Star Jalsha, Star Pravah, Asianet, Asianet Plus, Suvarna and Vijay. Star India is a fully owned subsidiary of 21st Century Fox.
IMG-Reliance is a joint venture between Reliance Industries Limited and IMG Worldwide to develop, market and manage sports and entertainment in India. In December 2010, IMG-Reliance signed a 15-year commercial deal with the All India Football Federation (AIFF) and a 30-year deal with Basketball Federation of India (BFI) to develop, promote and reform the sports in the country from grass-root to the professional level.