After Pro Kabaddi League, Abhishek Bachchan now picks up ISL stake

By Dattaraj Thaly | Last Updated: Aug 29, 2014, 18:58 PM IST
After Pro Kabaddi League, Abhishek Bachchan now picks up ISL stake

Zee Media Bureau/Dattaraj Thaly

New Delhi: Bollywood actor Abhishek Bachchan has picked a stake in Team Chennai in the Indian Super League (ISL). After investing in the Pro Kabaddi League as owner of the Jaipur Pink Panthers, this is Bachchan's second foray into the sports league market in India.

The news was made public during the official launch of the ISL on Thursday. Team Chennai will function in partnership with Play on Skill, with whom Serie A side Inter Milan have a technical collaboration.

The ISL will kick-off in October. IMG Reliance are organizing the corporate backed league. At the launch event, All India Football Federation president and former Union minister Praful Patel; Pawan Munjal, vice-chairman and managing director of Hero MotoCorp (title sponsors for the League); Nita Ambani who heads IMG Reliance; and, Sanjay Gupta, chief operating officer of Star India were all present.

Owners of the ISL franchises include Sourav Ganguly (Kolkata team) and Sachin Tendulkar (Kochi team) along with Bollywood celebrities John Abraham (North East United), Ranbir Kapoor (Mumbai City) and Salman Khan (Pune City).

Some of India's biggest business houses like Videocon (Goa) and Den Networks (Delhi) also are part of this league.