Khel Now logo
HomeSportsT20 WC 2024Live Score
Advertisement

ISL- Indian Super League

Report: ATK Mohun Bagan suggest removing salary cap from ISL

Published at :July 29, 2020 at 1:07 AM
Modified at :July 29, 2020 at 6:32 PM
Post Featured Image

Rutvij Joshi


The maximum limit of the particular budget was reduced before the start of the last season.

The newly merged ISL outfit ATK Mohun Bagan have suggested removing the salary cap of ₹16.5 crore per season in the league. In a feedback session organized last month regarding foreign players’ participation in the 2020-21 season and future editions, the Kolkata outfit suggested removal of the cap. Not surprisingly, the proposal has been backed by City Football Group-owned side Mumbai City FC.  

Salary cap is the maximum overall expenditure that can be incurred by a club for the inclusion of players in the squad and it includes annual salary, bonuses and the signing-on fee.

“This was proposed during FSDL’s meeting with the clubs a month ago and removal of price cap is a suggestion the ISL will be studying. It is too early for ISL to adopt no salary cap, but this can be done in the near future.”

“Not only that, ATK also had support from Mumbai City FC, which is backed by the same group as Manchester City,” a source close to the ISL told the Press Trust of India.

However, the suggestion indicates that there are stakeholders who are willing to spend money in Indian football and the source added, “It shows that Indian football is on the right track and people are ready to invest in it.”

The seventh edition of the league is reportedly set to kick-start in November and all the clubs are busy in the transfer market in the hunt for the right players. The last edition of the league saw a reduction in the salary cap for clubs from ₹17.5 crore to ₹16.5 crore and the same will be maintained in the coming season.

All the ISL clubs have to follow the policy of FSDL which states, “(The organizers) reserve the right to add, modify, amend, cancel, limit, vary or change, either wholly, or in part, at any point in time, these terms, without prior notice”.

For more updates, follow Khel Now on Twitter and join our community on Telegram.

Advertisement
Advertisement