Indian Super League

ISL Bubble bursts? FC Pune City facing financial crisis

The 5th season Indian Super League is approaching its end but FC Pune city’s core issue which they have it from the very beginning, the financial crisis, does not seem to be getting resolved. Well, Pune’s hopes to get into Play offs are in deficit and vastly depend on the collapse of their neighbors in the points table. The club owners already seeing forward to next season for a fresh new start.

Recent rumors have suggested that Pune based Indian Super League(ISL) franchise might be looking for a new venue to go into 6th season on ISL. Rumors also tell us that the owners are putting on table a merger with another ISL Franchise or I-league club as an option in the near future.

According to a Times of India source it’s been reported that the club have suffered an estimated loss of 150 crores since the initiation of this franchise-based football league. The owners are finding it difficult to float on with around 30 crores losses every year.

The future of FC Pune city maybe uncertain but there going to be a change in Pune is quite certain. The TOI source has assured that there would a change in FC Pune city from next season. The piece also reported that they were in talk with local rival Mumbai City FC but apparently that did not go well. The club is keen to find a new buyer or may shift their base to some other city.

It is been highlighted that the club had issues with players and supporting staffs over the due payment last but it is all sorted out now as suggested by a player’s agent.

He says,” nothing is clear as of now as everyone is tightlipped. Yes, there was a delay in payment but I heard that has been sorted out.”

However, the club denies the roumors that involves Mumbai city FC but they will not over look any offer suggesting merger in future. At present that club does not have any offer so it is not clear that Club will stay in Pune or not. FC Pune City is owned by Rajesh Wadhawan Group, who also owns DHFL.

About the author

Sitanshu Saran

A lawyer unintentionally turned in a sports writer.

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