
AIFF Top Brass To Meet 8 ISL Club CEOs On August 7 To Discuss Concerns
"AIFF officials will meet with CEOs from eight Indian Super League clubs, on Thursday, August 7, 2025, in New Delhi, to discuss issues regarding #IndianFootball," the AIFF said in a tweet.
Earlier, the eight ISL clubs had written to the AIFF that they found themselves unable to plan with the level "that professional football operations require" in the absence of proper interaction with the AIFF or FSDL.
"This has impacted not just short-term decisions but is now beginning to affect the structural backbone of our institutions," they wrote.
The letter, calling for a "constructive dialogue" with the AIFF, was signed by Bengaluru FC, Jamshedpur FC, FC Goa, Hyderabad FC, Kerala Blasters, NorthEast United FC, Odisha FC and Punjab FC.
The three Kolkata-based clubs -- Mohun Bagan Super Giant, East Bengal, Mohammedan Sporting -- as well as Mumbai City FC and Chennaiyin FC were missing.
Last month, AIFF President Kalyan Chaubey had assured that this season's ISL will be held, though he did not specify on a start date of the top-tier domestic competition.
"If the league doesn't take place, it is not only footballers but the people who are associated with football that will be affected. It's thousands of people who will be affected. So, we will put our best effort to ensure that the league happens," he has said.
On July 11, ISL organisers FSDL announced that it has put the 2025-26 season "on hold" due to the uncertainty surrounding the renewal of the MRA signed with the AIFF in 2010.
ISL normally runs from September to April.
Following a directive from the Supreme Court, the AIFF has been asked not to negotiate new terms of the MRA (with FSDL) until a final judgment is delivered in the AIFF draft constitution case.
The Supreme Court may pronounce its judgment soon.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
28 minutes ago
- Hindustan Times
Did Jack Daniel sense a looming doom for the Kentucky whiskey market? Here's a blow-by-blow breakdown
It seems the smooth pour of Kentucky whiskey has hit a rough patch, and Jack Daniel's parent company, Brown-Forman, appears to have sensed it coming. Brown-Forman plans to outsource barrel production, aiming to save $70-$80 million annually amid a struggling bourbon market. (AP Photo/Toby Talbot, File)(AP) Just this January, the Louisville-based spirits giant announced that it's cutting 12% of its global workforce and shutting down its very facility where it's been handcrafting barrels since 1945. The decision, expected to impact around 210 employees, is to save between $70 million and $80 million annually. Following Jack Daniel's exit, the message is clear: the whiskey business isn't what it used to be. ALSO READ| Kentucky whiskey bankruptcies: Which distilleries are broke, and why The company explained that it will now source barrels from external suppliers, expecting to bring in over $30 million by selling off its cooperage assets. Brown-Forman also shuffled and appointed Jeremy Shepherd as its new chief marketing officer. 'These actions reflect the venerable company's 'relentless focus on evolving our strategy, our portfolio and our organization to grow and thrive,'' said CEO Lawson Whiting, per AP. 'Today's announcement will ensure we have the structure and teams in place to continue on this path, while also making investments that we believe will facilitate growth for generations to come.' Kentucky whiskey market is going through bankruptcies While Brown-Forman is trying to stay nimble, this week a string of bankruptcies has shaken the state's $9 billion whiskey industry, according to the Kentucky Distillers' Association. LMD Holdings, the parent company of Luca Mariano Distillery in Danville, filed for Chapter 11, with court documents showing a jaw-dropping $25 million in liabilities. Garrard County Distilling, a $250 million operation that only began production in 2024, was shut down in April due to mounting debts. Even Stoli Group USA, along with its Kentucky Owl whiskey label, filed for bankruptcy after a double blow: declining spirits demand and a cyberattack that crippled operations. ALSO READ| How much cheaper will whiskey be after India-UK FTA? What experts said The problems are starting to mount industry-wide, whether it be inflation-strained consumers, Gen Zs' recent shift to not wanting whiskey, or renewed tsarphobia over tariffs on American liquor in the export markets.


Mint
28 minutes ago
- Mint
IndusInd Bank shares rally nearly 6% after Rajiv Anand named MD & CEO for 3-year term
Shares of IndusInd Bank surged almost 6 percent on Tuesday, August 5, following the announcement of Rajiv Anand's appointment as the bank's new Managing Director and Chief Executive Officer (MD & CEO). In an exchange filing, the bank stated that its board has approved Anand's designation as 'Additional Director' in the MD & CEO category, for a period of three years with his tenure set to begin on August 25, three-year appointment will run until August 24, 2028, pending shareholder approval at the bank's upcoming general meeting. In the filing, the bank said that Anand brings extensive experience from his previous role as Deputy Managing Director at Axis Bank, where he spearheaded the bank's Wholesale Banking Business. The Mumbai-based private lender made the announcement late Monday night, and the appointment has now received the Reserve Bank of India's approval, a requirement for top-level banking appointments. Anand's appointment comes at a crucial juncture for IndusInd Bank, which has been without a full-time CEO since the resignation of Sumant Kathpalia at the end of April. Kathpalia stepped down, taking moral responsibility for the bank's derivatives accounting controversy that surfaced earlier this year. In the interim, the bank had been steered by a committee of senior executives, including Soumitra Sen, Head of Consumer Banking, and Anil Rao, Chief Administrative Officer. The appointment of a permanent CEO is expected to bring much-needed stability to the lender's leadership team. Rajiv Anand, aged 59, is a chartered accountant with more than 35 years of experience across retail banking, wholesale banking, and asset management. He joined the Axis Group in 2009 as the founding Managing Director of Axis Asset Management Co. In 2013, he moved to Axis Bank as President of Retail Banking, and later took over the wholesale banking division in 2018. Most recently, he served as Deputy Managing Director at Axis Bank, where he played a key role in driving the bank's digital and wholesale strategies. IndusInd Bank's financial performance has seen turbulence in recent quarters. The bank posted a net loss in the March 2025 quarter, its first in 20 years, owing to the accounting issues. However, it returned to profitability in the June 2025 quarter, albeit at much lower levels than the previous year. For the June quarter, the bank reported a 72% YoY drop in net profit to ₹ 604 crore, compared with ₹ 2,171 crore in Q1FY25. However, Net Interest Income (NII) exceeded street expectations, coming in at ₹ 4,640 crore, beating the estimate of ₹ 4,207 crore. On a year-on-year basis, though, NII declined 14.2% from ₹ 5,408 crore. Net Interest Margin (NIM) rose sequentially to 3.46% from 2.25% in Q4, but was still lower than 4.25% in the same period last year. Despite sequential improvement in slippages, asset quality remained a concern. Gross NPAs rose to 3.64% from 3.1%, while Net NPAs increased to 1.12% from 0.95%. The Provision Coverage Ratio (PCR) stood at 70%. Brokerage house Jefferies described Anand's appointment as a key positive development for IndusInd Bank, given his longstanding tenure and experience at Axis Bank. 'Reorganisation of IndusInd Bank's top management may be the key initial steps and we will watch out for joiners from other banks,' Jefferies noted in its report. The brokerage expects improvement in fee income, asset quality, and operating efficiency under Anand's leadership. It has maintained a 'Buy' rating on IndusInd Bank with a price target of ₹ 920, implying a 17 percent upside from current levels. Following the announcement, IndusInd Bank's stock jumped 5.6 percent intraday to hit a high of ₹ 848.80 on the BSE. However, the stock is still down 43 percent over the past one year and has declined 11.6 percent in 2025 year-to-date. The stock remains significantly below its 52-week high of ₹ 1,498.70, touched in September 2024, and only recently recovered from its 52-week low of ₹ 605.40, hit in March 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)

First Post
28 minutes ago
- First Post
Bengaluru FC forced to suspend Sunil Chhetri's salary amid ISL uncertainty: 'Lack of clarity leaves us with no choice'
Besides Sunil Chhetri, Bengaluru FC have also indefinitely suspended the salaries of first-team players and staff due to the uncertainty surrounding the 2025-26 season of the Indian Super League (ISL). read more In a major shock, one of the best-run football clubs in India, Bengaluru FC, have announced that they are suspending player salaries due to lack of clarity on the 2025-26 Indian Super League (ISL) season. The Bengaluru FC's decision will directly impact Indian football team striker Sunil Chhetri, who is one of their main players. The top-division football league in India – ISL is currently not a part of the All India Football Federation's (AIFF) 2025-26 calendar due to a lack of agreement between the national football body and the Football Sports Development Limited (FSDL) over a new Master Rights Agreement (MRA). The FSDL has been organising the ISL since 2014 under the MRA, which is set to expire in December 2025. STORY CONTINUES BELOW THIS AD The AIFF and FSDL have failed to reach a conclusion on the terms of a new MRA, . Chhetri's salary stopped at Bengaluru FC Bengaluru on Monday announced they are 'indefinitely suspending the salaries' of players, including Chhetri, and that of the first-team coaches in view of the uncertainty surrounding the ISL. 'In view of the uncertainty surrounding the future of the Indian Super League season, Bengaluru Football Club has taken what is a very difficult decision of indefinitely suspending the salaries of players and staff belonging to the First Team. Running and sustaining a football club in India has always been an uphill climb, one that we have put everything aside and made, season after season,' BFC said in a statement on X. More from Football 'However, the lack of clarity on the League's future leaves us with no choice but to take this step. The future and well-being of our players, staff, and their families is of utmost importance to us, and we are in touch with them as we wait for a resolution,' BFC added. The former ISL and I-League champions, however, announced that the youth team operations remain unaffected. 'The Club remains committed to growing and developing the sport and our operations with our youth teams – men and women – and BFC Soccer Schools remain unaffected by this decision. We urge the AIFF and FSDL to end this impasse swiftly. The uncertainty benefits no one, and a prompt resolution is vital for the future of Indian football,' BFC concluded. Meanwhile, AIFF officials are scheduled to meet with to discuss the issues regarding the league. The meeting would include a Bengaluru FC representative.