"No final decision has been taken," the All India Football Federation president Praful Patel said, while Mohun Bagan assistant general secretary Srinjoy Bose said: "It's a big decision. It will take some time."
The AIFF boss had called the two Kolkata heavyweights and the Indian Football Association secretary Utpal Ganguli to resolve the impasse as Mohun Bagan and East Bengal were adamant not to pay the franchise fee to play in the ISL, and also did not want to play in the I-League if it's run in parallel with ISL.
"A few new options have been discussed and we will talk about that," said Ganguli after the meeting at a hotel here.
In continuation with the series of inconclusive meetings, the Big Two next will sit together in Kolkata June 12 to "work out a formula" before getting in touch with AIFF again, the next day.
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"The AIFF president was firm in saying that they would have to pay the franchisee fee but they have been adamant. Secondly, they also don't want to play in the I-League if it's made a smaller tournament in a two to three months' window," a source, who was present at the meeting, said.
But both parties, the AIFF and Kolkata clubs, refused to budge from their respective ways.
East Bengal were represented by senior officials Debabrata Sarkar and Shanti Ranjan Dasgupta, while the meeting also had Shillong Lajong owner Larsing Ming Sawyan and Churchil Brothers CEO Valanka Alemao.
Apart from Patel, the AIFF had its vice-president Subrata Dutta, secretary Kushal Das, I-League CEO Sunanda Dhar and senior manager, I-League operations and club licensing Akshay Rohtagi.