India, Dec. 26 -- A reimbursable participating fee of Rs.1 crore, a consortium where clubs' ownership can go up to 60%, parachute payments, annual operational budget of Rs.70 crore for a league with promotion and relegation were among the salient features of the 20-year plan shared by the All India Football Federation (AIFF) with clubs of the Indian Super League (ISL) on Friday.

Costing Rs.96 crore per season, the league would be, in keeping with the AIFF constitution approved by the Supreme Court, owned and operated by the federation but with greater agency for the commercial partners, according to the proposal. AIFF will have a veto on essential items such as licensing and disciplinary matters, according to the proposal.

Titled AIFF-N...