Mumbai: The Indian Super League (ISL) organisers will unveil two new teams on Monday, and they will be part of the 2017-18 season and beyond.
Football Sports Development Limited (FSDL), organisers of the ISL, will announce the winning bids for the new teams.
The winning bidders will be enrolled and awarded the right to participate in the ISL starting from the upcoming season.
An independent panel conducted the tender process, which commenced from 12 May 2017 through an 'Invitation To Bid' (ITB) and evaluated the bids to maintain an open and transparent process.
Consulting firm Ernst & Young is expected to complete by Sunday the evaluation for all the bids received during the ITB procedure and present its results on Monday.
The bids were invited from prospective team owners — 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 25 May.
Published Date: Jun 11, 2017 18:59 PM | Updated Date: Jun 11, 2017 19:07 PM