ATK proposes removing of wage cap on ISL groups

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Taking the highway much less travelled amid the COVID-19 pandemic, three-time champions ATK have approached the Indian Super League (ISL) with a daring proposal to take away the wage cap of Rs 16.5 crore per group/per season.

Football Sports Development Ltd., which organises the nation’s high soccer league, obtained the suggestion throughout a gathering with the 10 competing golf equipment a couple of month back when it had requested for suggestions relating to international players’ participation within the 2020-21 season and future editions.

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Salary cap is the utmost general expenditure that may be incurred by a membership for the inclusion of a player within the squad and it consists of annual wage, bonuses, and signing-on charge.

Mumbai City FC, now backed by English Premier League giants Manchester City’s City Group, are additionally of the similar opinion and have supported ATK’s proposal, well-placed sources within the Indian soccer fraternity mentioned.

“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,” a supply near the ISL informed PTI.

“Not only that, ATK also had support from Mumbai City FC, which is backed by the same group as Manchester City,” the supply added.

It is known that the profitable ISL is gung-ho concerning the proposal because it signifies that there are takers for Indian soccer wiling to loosen their purse strings.

“It shows that Indian football is on the right track and people are ready to invest in it,” an insider conscious of the developments added.

Mumbai City FC are keen to pay Rs 1.6 crore switch charge for FC Goa star Hugo Boumous earlier than the upcoming season comes calling.

The French-Moroccan attacking midfielder was among the best players within the competition last season and scored 11 targets and assisted 10.

When contacted, the Kolkata-based group, rechristened ATK-Mohun Bagan after the tie-up with the long-lasting 131-year-old membership, was not forthcoming.

While chief govt officer Raghu Iyer known as it incorrect, one other official of the franchise mentioned they may “abide by the ISL rules and regulations as part of the league”.

The ATK franchise is collectively owned by industrialists Sanjiv Goenka, Harshavardhan Neotia, Utsav Parekh, former India cricket group captain and present BCCI president Sourav Ganguly and Mohun Bagan Football Club (India) non-public Ltd.

Actor Ranbir Kapoor and Bimal Parekh co-own the Mumbai franchise.

The sixth season of the league noticed a discount within the wage cap for golf equipment from Rs 17.5 crore to Rs 16.5 crore. ATK is by far essentially the most profitable membership within the ISL, having received the title a record 3 times, in 2014, 2016 and 2020.

As per said coverage, FSDL “reserves 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”.

[Attribution HT.]

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