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PVP Ventures signs ISL participation agreement

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Capital Market

To own football team

PVP Ventures has announced that the Participation Agreement between PVP Ventures and Football Sports Development (an SPV formed by IMG Reliance; Star India and All India Football Federation) has been executed by the Parties.

With the execution of this Agreement, now PVP Ventures has become eligible to own a football team and participate in the football league being organized by Football Sports Development and the first season of the Indian Super League (ISL) may commence in the month of September, 2014.

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First Published: Apr 22 2014 | 7:12 PM IST

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