Tata Steel sells full stake in Jamshedpur FC to Churchill Brothers for ₹100

August 18 - Tata Steel has sold Indian Super League club Jamshedpur FC for just 100 rupees - around $1.15 - a token figure for a distressed asset at the centre of Indian football's deepening commercial troubles.   The post Tata Steel sells loss-making ISL club Jamshedpur FC for just $1 appeared first on Inside World Football.

The deal comes after Jamshedpur FC pulled out of the ISL and disbanded its first team on July 31, missing the participation fee deadline

Turnover of Jamshedpur Football and Sporting Private Limited in FY26 was ₹32.23 crore

Turnover of Jamshedpur Football and Sporting Private Limited in FY26 was Rs 32.23 crore.

The Tata Football Academy was established in Jamshedpur in 1987. According to the company, it has trained more than 300 cadets.

Turnover of Jamshedpur Football and Sporting Private Limited in FY26 was Rs 32.23 crore.

Tata Steel has approved the sale of its entire 100% stake in Jamshedpur Football and Sporting Pvt Ltd (JFSPL), the company that runs Jamshedpur FC, to Goa-based Churchill Brothers Sports Club for a nominal ₹100. The deal will see Churchill Brothers take over Jamshedpur FC’s Indian Super League (ISL) sporting licence. The transfer also includes the contracts of the club’s players and coaching staff.Jamshedpur FC have decided to hand over their license to Churchill Brothers for free, clearing the decks for the Goan clubs' entry into #ISLFormalities to be completed in next 15 days#AIFF had demoted Churchill to ILeague 2 once they opted out of IFL 2025-26#IndianFootball— Sayan Mukherjee (@SayanMukherjee4) August 14, 2026 Churchill Brothers will take over the contracts from September 2026, including those of 12 players and two coaches. The transaction is subject to approval from the All India Football Federation (AIFF) and fulfilment of other required conditions. The deal marks a major change in ownership of the Jamshedpur-based ISL club.Tata Steel has been closely associated with football in Jamshedpur for decades and has backed Jamshedpur FC since its entry into the ISL. The company’s exit marks a significant shift for a club that has become an established part of Indian football. Churchill Brothers will now be set to take charge of its football operations.'Punch To The Gut': Sunil Chhetri Makes Emotional Appeal To TATA Group After Jamshedpur FC's ISL ExitChurchill Brothers is one of Goa’s oldest football clubs, with nearly 40 years of history. The club has won the I-League twice and is now set to make a return to the top tier of Indian football through the Jamshedpur FC setup. The move gives Churchill Brothers a direct entry into the ISL framework, subject to the necessary approvals.

Tata Steel has officially sanctioned the sale of its entire ownership stake in Jamshedpur FC for a minimal price. The agreement includes the transfer of the ISL sporting rights to Churchill Brothers Sports Club, as well as the contracts for players and coaching staff, which will move to the Goa-based club starting September 2026. This strategic decision allows Tata Steel to focus on enhancing grassroots football initiatives.

Tata Steel transfer Jamshedpur FC ISL licence to Churchill Brothers in Rs 100 deal

Tata Steel on Friday approved the transfer of its entire 100% stake in Jamshedpur Football and Sporting Private Limited (JFSPL), the company behind Jamshedpur FC, to Churchill Brothers Sports Club Private Limited for a nominal consideration of ₹100.The company holds 4.08 crore shares in JFSPL. Tata Steel and Churchill Brothers have signed a Share Purchase Agreement, with the transaction subject to necessary approvals from the All India Football Federation (AIFF) and other conditions.The deal includes the transfer of Jamshedpur FC's Indian Super League (ISL) sporting licence, along with contracts of its players and coaching staff. Churchill Brothers will take over the contracts from September 2026, including those of 12 players and two coaches.Churchill Brothers, a Goa-based club with nearly four decades of history, has won the I-League twice.Also Read: Indian Super League plunges into crisis after Tata Steel exitThe deal comes days after Tata Steel said Jamshedpur FC would not participate in the 2026-27 ISL season.The exit comes as the league faces growing questions over its commercial viability. According to an Economic Times report, ISL media-rights value has fallen from ₹275 crore a year paid by JioStar to an ₹8.6 crore offer from FanCode for the 2025-26 season.The league has also seen other major exits and restructuring. Manchester City owner City Football Group exited Mumbai City FC last year, while the 15-year commercial agreement between Football Sports Development Limited and AIFF ended after a prolonged dispute over the league's commercial structure.Market estimates cited by ET suggest that the wider Indian football ecosystem has invested heavily over 15 years while incurring losses of more than ₹5,000 crore.Tata Steel said it will continue investing in grassroots and youth football, particularly among local and tribal communities.The company will maintain and repurpose its sporting infrastructure for grassroots development and modernise its youth system in collaboration with AIFF.Its Tata Football Academy, established in 1987, has trained more than 300 cadets, with 150 going on to represent India, according to the company.