Former Kerala Blasters CEO Varun Tripuraneni announced the new Indian Super League (ISL) team from Hyderabad, 'Hyderabad FC' which will take part from the 2019-20 season. Varun and Telengana businessman Vijay Madduri will be the owners of the club.
As Goal revealed earlier, the Wadhawan Group-owned FC Pune City will wind up operations due to financial issues and their right to participation in the ISL has been transferred to the new team from Hyderabad. The team are likely to play their home games from Gachibowli stadium in Hyderabad, though a final decision has not been taken.