In early 2014, it was announced that the All India Football Federation, the national federation for football in India, and IMG-Reliance would be accepting bids for ownership of eight of nine selected cities for the upcoming Indian Super League, an eight-team franchise league modeled along the lines of the Indian Premier League and Major League Soccer in the United States. On 13 April 2014, it was announced that Venugopal Dhoot had won the bidding for the Goa franchise along with Dattaraj Salgaocar and Shrinivas Dempo. On 23 September 2014 Virat Kohli Indian Cricketer was unveiled as one of the co-owners. The brand ambassador of the club is Bollywood actor Varun Dhawan. FC Goa is the first Indian sports club to launch a satellite TV Channel - FC Goa TV on Videocon D2H. On 20 September 2014 FC Goa officially confirmed Arsenal legend Robert Pires as their marquee player.

FC Goa lost four out of their first six matches but came back strongly in the second half of the tournament with five victories from their last eight encounters keeping five clean sheets in their 14 matches. Overall, Zico has done a remarkable job with six wins, four defeats and three draws, which took them to the second spot of the standings with 22 points.

Match 1 lost to Chennayin FC 2-1 at home Balwant Singh (32') and Elano Blumer (42') gave the southerners a two-goal cushion in the first half, while Gregory Arnolin (65') managed to pull one back for the Goan franchise.

Match 2 drew to NorthEast United FC away Gregory Arnolin scored his second goal in as many matches to put FC Goa in an advantageous position only for the referee to award a controversial penalty which saw Koke convert from the spot to equalize in the first half for NorthEast United.

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