AIFF Hails Mohun Bagan's Merger with ATK as Historic Development

New Delhi, Jan 16 (PTI) 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.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)