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ISL incurred losses in first edition, says AIFF general secretary
MUMBAI: The inaugural edition of the Indian Super League (ISL) has made a hole in the pockets of the franchises and the organisers, IMG Reliance-Star India.
According to All India Football Federation (AIFF) secretary Kushal Das, the organisers incurred a loss of more than Rs 100 crore (Rs 1 billion) while the loss for each franchise was to the tune of Rs 35 crore (Rs 350 million).
“The loss for each franchise ranges from Rs 30 to 35 crore, while tournament organisers (IMG-Reliance) had a deficit of Rs 100 crore,” media reports have quoted Das as saying.
ISL is a joint venture between IMG-Reliance (the joint venture between IMG and Reliance Industries) and Star India. The league has eight franchises owned by film stars, corporates and cricketers.
The first edition featured former international players like Alessandro del Piero, Robert Pires, David James, Nicolas Anelka and David Trezeguet.
The second season of Indian Super League (ISL) will kick off on 3 October. It will feature 61 games spread across 79 days.