Devang Bhimjyani, who heads business development, sponsorship and marketing of Mumbai Indians, the Indian Premier League (IPL) team owned by Reliance Industries Ltd (RIL), has now taken over as interim chief executive officer of Football Sports Development Ltd (FSDL) and Indian Super League (ISL). The announcement was made in an internal communication after erstwhile CEO Anupam Dutta resigned to join another company as CEO. FSDL is the controlling body of ISL jointly promoted by IMG-Reliance and Star India.
“Bhimjyani will hold the interim charge of running the entire operation of FSDL,” an internal e-mail released by RIL said.
Meanwhile, addressing the press in Kolkata, All-India Football Federation (AIFF) general secretary Kushal Das disclosed that in the first year each franchisee of ISL incurred a loss of Rs 30-35 crore while the organisers took a hit of around Rs 100 crore.
ISL, a professional club based football league, was launched in 2013 by RIL, IMG Worldwide and Star India in partnership with AIFF. In December 2010, the RIL-IMG duo had signed a 15-year contract with the AIFF for an exclusive commercial deal, which included broadcasting, sponsorship, franchise and advertising rights among others, for Rs 700 crore.