Parth Jindal owner of Bengaluru FC writes a letter to Indian Super League Founder Chairperson Nita Ambani seeking her guidance and assistance.
According to Mihir Vasavda(Indian Express), Parth Jindal has mentioned in the letter that the club is incurring 25 crores of loss each year. Apart from raising concerns regarding the ‘fragile financial condition’ of the league.
The expenses have increased drastically during this season with an additional cost of maintaining the biosecure bubble and constant testing of players.
However, the major source of income for football clubs all around the world is through broadcast revenue. But the ISL broadcasters Star Networks are also the co-owner of the league. That resulted in no income for the clubs through the broadcast.
The lack of ticket revenue and sponsorship money due to this pandemic has drained the resources of almost every club.
Above all, the Reliance foundation suspended the youth subsidiary (up to 2 crores) which was kept for qualifying teams.
Ahead of the start of the 2020-21 season, the teams had requested FSDL to reduce the franchise fee in view of the financial situation post lockdown. But did not receive any aid regarding the concern.
“Today, I am not aware how franchises like BFC will become profitable or even break even and would love to deliberate and understand along with the other team owners what the future holds.” -Parth Jindal stated.
Bengaluru FC are one of the best clubs with top-tier infrastructure. The club posses high-profile International players like Sunil Chettri, Gurpreet Singh Sandhu, and Dimas Delgado. In order to pay the salaries of the star players, the club is incurring huge losses mentioned Jindal.
ISL giants are currently struggling for consistency, sitting at 7th position with just 15 points from 14 league fixtures.
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