All India Football Federation on Thursday hailed the merger of iconic club Mohun Bagan with Indian Super League side ATK as one of the most historic developments in the country's football.
Mohun Bagan will be rechristened ATK-Mohun Bagan from next season after the Kolkata club merged with ATK on Thursday by selling the majority stake to the owner of the two-time ISL winners.
The merged club will come into existence in June and will compete in the ISL 2020-21.
"I am certain this is going to be one of the most historic developments in the annals of Indian footballing history. I commend the authorities of both clubs for displaying vision, I congratulate both sets of fans and wish them a happy and prosperous 'marriage'," AIFF General Secretary Kushal Das said.
As per the deal, the RP-Sanjiv Goenka Group, who are the principal owners of ATK, will acquire majority shareholding of 80 per cent in Mohun Bagan Football Club (India) Private Limited.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app