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.
“Shri Devang Bhimjyani will hold the interim charge of running the entire operation of FSDL,” the 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.
For the record, ISL, a professional club based football league, was launched in 2013 by Reliance Industries Ltd (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 that included broadcasting, sponsorships, franchise and advertising rights among others, for Rs 700 crore.