Sanjiv Goenka is planning to build a football academy in Kolkata. File Pic[/caption]Internet Desk: Atletico De Kolkata co-owner Sanjiv Goenka is planning to build a Rs. 500 crore football academy in Kolkata along with a stadium and 120-room hotel. The details of the project have been submitted to the West Bengal Government and the approval is waiting.
"The land has been identified. It will be a football academy with a small stadium to start with, which will be developed later. There will also be a 120-room hotel and training facility. The total investment is Rs. 500 crore," Goenka told mediapersons in Kolkata.
"We have submitted the proposal to the state government. As soon as we get the approval we will move ahead with the project. The first half of the project (stadium and academy) will be completed within one year from the date of approval," he said.
Declining to detail more, Goenka said the "self-sustaining" project will be on less than 50 acres of land and will come up in the city's vicinity.
Goenka, who also co-owns the Indian Premier League (IPL) franchise Rising Pune Supergiants, said the company was exploring avenues to expand its sporting ventures with the ISL franchise to become profitable in 2018.
"Our franchise in the IPL is only till next year, It will not even break even next year but the performance will be way better. As regards football, we are expected to become profitable year after next year," added Goenka.
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