Premier League Soccer is a football league which is similar to the Indian premier League(cricket) when it comes to style.
There will be team owners and bidding for players will take place.
Composition of squad for all six teams
1)Six U-21 players
2)Six from regional catchment area
3)Four foreign players(1 icon,one Asian and two over seas players)
4)Fourteen Indian players
5)Total 30 per squad
PSL will host six teams from across West Bengal -
1.Kolkata
Base price of 1 crore per year.
Owner:Camellia Group (Purchase price Rs.11.5 crore)
Coach: Peter Reid
Asian Player: Park Ji-Seung(South Korea)
Icon: Robbie Fowler
Other Purchases: Daniel Varela, Robert Egbeta
Total expenditure: $1.34 million
2.Barasat
Base price of Rs.80 lakh a year
Owner:URO INFRA REALITY INDIA LTD(Purchase price = Rs.25.12 crore)
Coach: Teitur Thodarson
Asian Player: Part Byoung-Gye
Icon Player: Hernan Crespo
Other Purchases: Christian Lara, Joaquin Botero
Total expenditure: $1.52 million
3.Durgapur
Base price of Rs.70 lakh a year
Owner:TULIP INFONET LTD(Purchase price = Rs.7.6 crore
Coach:Samson SiaSia
Icon Player: Jay-Jay Okocha
Asian player: Kim Bong Kyeom
Total expenditure: $1.16 million
4.Howrah
Base price of Rs.70 lakh a year
Owner: Syncsys Infotech Ltd(Purchase price = 9 crore)
Coach: Fernando Couto
Asian Player: Byun Yoon Chul
Icon Player: Robert Pires
Total expenditure:$1.46 million
5.Siliguri
Base price of Rs.1 Crore a year
Owner: AAJAY CONSULTANTS(Purchase price = 18 crores)
Coach: Marco Etcheverry
Asian Player: Hwang Gyu Hwan
Icon Player: Fabio Cannavaro
Total expenditure: $1.48 million
6.Haldia(Not yet sold to anyone)
This league has created history in india as far as football goes. For the first time so much money is spent on footballers. This is a good sign for Indian Football.

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[...] 22, 2012 TweetThe start of the inaugural edition of India's IPL-style football extravaganza, the Premier League Soccer, has been delayed indefinitely due to an overly embarrassing situation in the country - lack of [...]