Winning bids for ISL new teams to be announced on 12 June

Football Sports Development Limited (FSDL), organisers of the Indian Super League (ISL) is set to announce the winning bids for new team in the league on 12 June.

The winning bidders will be enrolled and awarded the right to participate in the ISL starting from the upcoming season of 2017-18.

An independent panel conducted the tender process, which commenced from May 12 through 'Invitation To Bid' (ITB) and evaluated the bids to maintain an open and transparent process.

E & Y, the consulting firm is expected to complete, by Sunday the evaluation for all the bids received during the ITB procedure and present its results on Monday, 12th June 2017.

The bids were invited from prospective team owners in respect of 10-cities i.e., Ahmedabad, Bengaluru, Cuttack, Durgapur, Hyderabad, Jamshedpur, Kolkata, Ranchi, Siliguri and Thiruvananthapuram.

As per the timelines declared in ITB and to maintain the transparency in the process, the organisers closed the window for bid submission on last day of May 25.

-ANI