India's Football Crisis Deepens as City Football Group Pulls Out
The exit of the global sports conglomerate City Football Group (CFG) from Indian football has sent shockwaves through the country's beleaguered sport. With its 65% stake, CFG was a major player in the Indian Super League (ISL), but its decision to divest its shares marks a major blow to the league's prospects.
The ISL season was set to kick off in September last year, but it never materialized due to uncertainty surrounding the future of the league. The 15-year Masters Right Agreement between the All India Football Federation (AIFF) and its commercial partner had expired, leaving no new agreement or partner in place. A meeting held in Delhi earlier this week has set a tentative start date of February 14, but many are skeptical about the league's prospects.
The departure of CFG has dealt a crushing blow to Indian football, with many questioning the administration's ability to manage the sport. "This is a serious indictment of the failures of the current administration overseeing the game," said Ravi Puskur, owner of FC Goa and ISL club, in an exclusive interview.
CFG's pullout highlights the deep-seated problems within Indian football, which has struggled to attract credible, long-term investment despite its growing popularity. The dominance of cricket in India makes it a challenging task for football to compete for attention, with many arguing that systemic shortcomings have contributed to the sport's woes.
The consequences of CFG's departure will be felt far beyond Mumbai City FC, the club that lost its major stakeholder. International investors may now think twice about investing in Indian football, while existing owners who have kept their clubs afloat may start to wonder if it's worth throwing good money after bad.
"Mumbai City Football Club is a huge name with immense financial and commercial potential," said Shaji Prabhakaran, former AIFF general secretary. "The loss of CFG will be felt globally, not just in India."
As the search for new investors and owners begins, many are left wondering what went wrong. "We were all optimistic about the league's prospects, but it seems that optimism was misplaced," said Suresh Khatri, a Mumbai City FC fan.
With no games on the horizon, fans are left with more questions than answers. As one supporter lamented, "There are bigger problems, but it's disappointing nonetheless." The exit of CFG marks a turning point for Indian football, and its ability to bounce back will depend on its ability to address its deep-seated issues.
The exit of the global sports conglomerate City Football Group (CFG) from Indian football has sent shockwaves through the country's beleaguered sport. With its 65% stake, CFG was a major player in the Indian Super League (ISL), but its decision to divest its shares marks a major blow to the league's prospects.
The ISL season was set to kick off in September last year, but it never materialized due to uncertainty surrounding the future of the league. The 15-year Masters Right Agreement between the All India Football Federation (AIFF) and its commercial partner had expired, leaving no new agreement or partner in place. A meeting held in Delhi earlier this week has set a tentative start date of February 14, but many are skeptical about the league's prospects.
The departure of CFG has dealt a crushing blow to Indian football, with many questioning the administration's ability to manage the sport. "This is a serious indictment of the failures of the current administration overseeing the game," said Ravi Puskur, owner of FC Goa and ISL club, in an exclusive interview.
CFG's pullout highlights the deep-seated problems within Indian football, which has struggled to attract credible, long-term investment despite its growing popularity. The dominance of cricket in India makes it a challenging task for football to compete for attention, with many arguing that systemic shortcomings have contributed to the sport's woes.
The consequences of CFG's departure will be felt far beyond Mumbai City FC, the club that lost its major stakeholder. International investors may now think twice about investing in Indian football, while existing owners who have kept their clubs afloat may start to wonder if it's worth throwing good money after bad.
"Mumbai City Football Club is a huge name with immense financial and commercial potential," said Shaji Prabhakaran, former AIFF general secretary. "The loss of CFG will be felt globally, not just in India."
As the search for new investors and owners begins, many are left wondering what went wrong. "We were all optimistic about the league's prospects, but it seems that optimism was misplaced," said Suresh Khatri, a Mumbai City FC fan.
With no games on the horizon, fans are left with more questions than answers. As one supporter lamented, "There are bigger problems, but it's disappointing nonetheless." The exit of CFG marks a turning point for Indian football, and its ability to bounce back will depend on its ability to address its deep-seated issues.