In what was a red-letter day for Kolkata and Indian football where century-old club Mohun Bagan merged with two-time Indian Super League (ISL) champions ATK. It sees the new entity enter the cash-rich league from the upcoming 2020-21 season.
The two clubs will form a separate new entity which will come in effect from June 1, 2020. ATK owner Sanjiv Goenka will own 80 per cent stake of the club while the Green and Maroon will own the other 20 per cent. There will be two directors in the new club, with one of them likely to be Sanjiv Goenka while Swapan Sadhan Bose is expected to be the other director.