MUMBAI: PVP Ventures has announced the participation agreement between PVP Ventures and Football Sports Development (an SPV that was formed by IMG Reliance; Star India and All India Football Federation).

With this development, PVP Ventures has become eligible to own a football team and participate in the Indian Super League which is being organised by Football Sports Development.

On 21 April, PVP Ventures had informed that it was one of the successful league partners of the ISL and represented the Kochi franchise.

The Indian Super League’s inaugural season is slated to start in September 2014.