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Commenting on this situation, MSBA Secretary M Venkatesh, said, “Maharashtra has been a strong hub for basketball. With the National Basketball Association (NBA) lending its might in promoting the game, the MSBA is eager to utilise this opportunity to further strengthen the game. The Association will focus on the grass root level, increase the participation of athletes as well as train talented players to increase the overall standard of the game in Maharashtra.”
Laying down his vision, Shroff said, “The responsibility is huge, but I'm sure I will get the complete support from all office bearers to promote basketball.”Shroff stated that the involvement of corporate houses in the decision-making process of sports administration is good news for Indian sports and would take it to a new horizon. "The UPL Group has always supported the sports in India by offering scholarships to deserving students and we will continue to do so in the future."
The new company, IMG Reliance, would set up sports facilities across the country to train athletes, thus developing the sports market. The model would be similar to the one followed in mature sports and entertainment markets such as the US. The companies plan to create and operate major sports and entertainment assets.
Mukesh Ambani, chairman and managing director, Reliance Industries, said: "Development of sports and the sporting culture is a social imperative for India in the 21st century. World-class infrastructure, frugal engineering, technology and scientific coaching are an integral part of development of today's sporting talent globally."
Plans are underway to create an agency to offer 360-degree sports management to celebrities from the world of sports, Bollywood and fashion. IMG would transfer its existing business and assets in the country to the joint venture. These include the Aircel Chennai Open, the Association of Tennis Professionals World Tour event and Lakmé Fashion Week.
However, the ongoing Indian Premier League would stay with IMG and the company's international business and executive team is to manage it.
Ted Forstmann, chairman and CEO of IMG, said: "The performance of Indian athletes on the national and international stage will improve dramatically with the correct development strategies. As a consequence, the commercial performance of sport and entertainment in India will be enhanced."
The real potential profits from the venture will come from the development of professional sports leagues. The IMG-Reliance venture will look to strike arrangements with India's soccer and basketball federations to help them build these leagues.
The Mahindra NBA Challenge will provide basketball enthusiasts and newcomers to the game the opportunity to learn the fundamentals of the game and apply their skills in a fun, competitive environment.
“We are delighted to be partnering with the NBA to create a multi-city recreational league in India,” said Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group. “In a cricket loving nation such as India, we feel it is important to encourage other sports as well and we believe basketball is perfectly suited to bring communities together and promote healthy, active lifestyles to Indian youth.”“Mahindra is the perfect partner for the creation of a new recreational basketball league for Indian fans,” said NBA Commissioner David Stern. “The BFI, Mahindra and the NBA share a long-term commitment to growing the game in India and to using the values of our game to make a positive, lasting impact in Indian communities.”
“Basketball continues to grow in popularity across India and now youngsters in Bangalore, Ludhiana and Mumbai will have the opportunity to play in an organized league and further develop their skills,” said Harish Sharma, Secretary General of BFI. “The launch by Basketball Federation of India and the NBA of the Mahindra NBA Challenge is very exciting and will help accelerate the basketball development of Indian youngsters.”