Bengaluru’s Indian Super League (ISL) franchise will finally have its own identity, after being christened the 'Bangalore Titans.'
JSW Sports, the proprietors of the Bengaluru FC, are close to sealing a 25% stake in the newly formed ISL franchise, with the stake raising to 50% in the second year.
"We have agreed on the number," revealed Parth Jindal, the son of Sajjan Jindal, JSW Group chairman to The Economic Times.
In fact, Mustafa Ghouse, CEO at JSW Sports and Mandar Tamhane, Consultant to Bengaluru FC were present at the ISL domestic draft pick alongside the Sun Group officials to guide them in the squad selection.
“We were having discussions with Bengaluru FC for quite some time now. For the first year, this will be a technical tie-up.
“We have experience in sports with experience of at least two IPL’s (cricket’s Indian Premier League) behind us. Football is new to us as a group. So Bengaluru FC brings their experience on the table which shall play an important role for us,” informed Ananth Nagarjuna, Head of Sports – Sun Group, to Goal last month.
"We have agreed on the number," revealed Parth Jindal, the son of Sajjan Jindal, JSW Group chairman, who revealed that the company is indeed buying a stake but refused to divulge any further than that.
The ISL, in its current avatar, is a brainchild of the All India Football Federation's (AIFF) marketing partners IMG-Reliance and will run from October to December.