"The eighth team in the ISL would be Team Chennai represented today (Thursday) by Prashant Agarwal of Play on Skills which has a technical collaboration with Inter Milan in India," said Anupam Dutta, CEO of ISL's holding company Football Sports Development Private Limited, a joint venture between IMG-Reliance and Star India.
"The owners of the Chennai franchise would be announced later," Dutta added.
On Wednesday, Sun Group, IMG Reliance and Star India issued a joint statement that the former was opting out of the ISL on mutual consent.
"Sun Group arrived at the decision after internal deliberation and discussion, and wish to thank the Indian Super League management for all its support," the joint statement said.
"IMG-Reliance and Star India wish to assure that all the 14 Indian players drafted earlier for Bengaluru franchise will have their representation in Hero ISL," it added.
The other seven franchises remain the same.
Meanwhile, the International Player Draft started on Thursday to pick 49 out of 56 needed for the running of the IPL-style league, and Dutta said before the process began that the average age of the players was 28.
"The experienced players will form the spine of the clubs. There are five goalkeepers and only one can be picked by a club," said Andy Knee of IMG.
Already four clubs have picked seven international players ahead of the draft and their names would only be announced during the draft, he said and added that ISL has attracted worldwide attention from football quarters.
"ISL has created a buzz worldwide and several calls have been received from players, agents and clubs. Indian club football has not attracted this type of attention before with all due respect to the I-League," he added.
"The experienced players would be fundamental to the quality of the playing product. The younger players in the age group of 20-22 are sourced from Brazil and Europe and have a very exciting career ahead of them," said Knee.
"There is a lot riding to fill up the positions. The players have played for their national teams, in Champions League, for Barcelona, Manchester United," he added.
The first pick was done by Kerala Blasters who chose Indian origin England footballer Micheal Chopra.
The 30-year-old Chopra, a striker, has played for three clubs -- his last stint being with Blackpool.
He was originally a product of Newcastle United youth system.
Kerala Blasters marquee player-cum-manager and former England custodian David James, who has played for big clubs like Liverpool and Manchester City, welcomed the addition of Chopra into the squad. Chopra was bought for USD 58,000.
"Chopra, with his experience of playing in English football, was our first choice as a pick in the draft. He is very excited to be part of the team co-owned by Sachin Tendulkar. He wants to improve Indian football and wants to set up academies," James said.
Goa team's conditional coach and analyst Hussein Skenderovic also seconded Knee's opinion that a lot of buzz was going around in the football world about ISL.
"It has created a lot of interest worldwide. There is great buzz around it. It's an exciting place for me. I am looking forward to the challenge to get the team ready,” he said.

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