The Indian Football Association today announced the launch of Premier League Soccer which will be held in January-March next year to develop the sport and its infrastructure in the region.
Taking a cue from the successful Indian Premier League Twenty20 cricket, PLS initially will have six franchises to be chosen through competitive bidding for 10 years with successful bidders paying a yearly franchise fee.
Only limited companies with a minimum net worth of Rs 10 crores could bid for a franchisee license.
The six franchise towns will be Kolkata, Howrah, Barasat, Asansol, Midnapore and Siliguri, IFA said in a release.
"The USP will be each team will have one icon player and three quality overseas layers. The icon players will be an overseas player with great repute, preferably someone who has represented his country in International matches.