Tata Steel has transferred full ownership of Jamshedpur Football & Sporting Pvt Ltd (JFSL), the company that operated Jamshedpur FC, to Goan club Churchill Brothers for a nominal sum of INR 100.
Tata Steel agreed to transfer all of its ownership of Jamshedpur Football & Sporting Pvt Ltd (JFSL), the company that operated Indian Super League club Jamshedpur FC, to Goan football club Churchill Brothers for a nominal consideration of INR 100 on Friday.
The transaction was made after JSFL decided to cease all of its first-team operations, a decision that rocked the entire Indian football fraternity, and the All India Football Federation (AIFF) had given the club time to reconsider its move.
Tata Steel sells Jamshedpur FC to Churchill Brothers FC
Tata Steel discontinued any association with JSFL after agreeing to transfer all 4.08 crore equity shares of the solely owned football subsidiary to the Churchill Brothers Football Club, subject to clearance from the AIFF. The transaction received a green light from Tata Steel’s committee of directors, and the transfer is expected to be finalised by August 31, 2026.
The transaction includes the transfer of Jamshedpur FC’s ISL sporting licence, its 12 players and two coaches, allowing them to continue their football careers in ISL. Churchill Brothers FC will now take over the contracts of all JFC players and coaching staff from September 2026.
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Tata Steel ended its storied association with Jamshedpur FC, a franchise which built a significant fan following over the years.
More from Football NewsThe club had won the ISL League Winners’ Shield during the 2021โ22 season under Owen Coyle and also enjoyed a relatively successful season under Khalid Jamil, who currently serves as head coach of the Indian senior men’s national football team.
Has Tata Steel ended all association with football?
Tata Steel has ended its association with Jamshedpur FC but remains committed to nurturing football at the grassroots and youth levels through the Tata Football Academy, which has produced over 150 nationalโteam players.
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The transfer unfolded amid uncertainty over the longโterm future and commercial framework of the Indian Super League, with the AIFF facing criticism for its indecision regarding the topโflight tournament.