The merged entity of Kolkata clubs, ATK and Mohun Bagan will take part in the Indian Super League 2020-21 season as ATK Mohun Bagan, Goal can confirm.
The merger whose 80 percent shares are owned by Sanjiv Goenka’s ATK and 20 percent by Mohun Bagan, have already reserved new company with the Government of India’s Ministry of Corporate Affairs and have named it ATK-Mohun Bagan Private Limited.
The status of the company has already been reserved on the official site of the ministry which means it cannot be allocated to any other entity henceforth. The name has been approved and set reserved for concerned parties and they can now move to further formalities.
The two clubs had decided to enter a merger back in January 2020 that would help Mohun Bagan enter the cash-rich league from the 2020-21 season.
The new entity was supposed to come into existence on June 1, 2020, but due to the ongoing Coronavirus crisis and the resulting nationwide lockdown since March 25, the deal got delayed by a week. With the new company already being reserved, an official announcement from both parties is expected soon.
While Mohun Bagan have won the league title for the fifth time in their history this year, ATK won their third ISL title beating Chennaiyin FC in the final back in March.
Other than participating in the ISL, the merged entity will also take part in the group stages of AFC Cup 2021 by using Mohun Bagan’s I-League 2019-20 champions’ slot.