Churchill Brothers To Acquire Jamshedpur FC For ₹100 As Tata Steel Bows Out Of Indian Super League

Tata Steel has agreed to hand over its 100% stake in Jamshedpur FC (operated by Jamshedpur Football and Sporting Private Limited) to Churchill Brothers Sports Club for a nominal fee of ₹100. The transaction has been approved by Tata Steel's Committee of Directors, and all  4,08,00,000 equity shares will be transferred to Churchill, as per an official press release.

Churchill Brothers To Acquire Jamshedpur FC

A token amount of INR 100 has been agreed upon between the two parties. A share purchase agreement has been signed and the transaction would still require approval from AIFF and other stakeholders. After the completion of the deal, Churchill will have Jamshedpur FC's sporting licence and will subsequently take part in the Indian Super League as per the AIFF's regulations.

As per a filing to the BSE, a Tata Steel statement said, “The Committee of Directors (constituted by the Board of Directors of Tata Steel Limited at its meeting held on July 30, 2026 to consider and approve the proposal of divestment of stake in Jamshedpur Football and Sporting Private Limited), at its meeting held today i.e., August 14, 2026, considered and approved the transfer of entire 100% equity stake comprising of 4,08,00,000 equity shares of face value ₹10/- each held by Tata Steel Limited in Jamshedpur Football and Sporting Private Limited (‘JFSPL’), wholly owned subsidiary, to Churchill Brothers Sports Club Private Limited (‘Churchill’), at a nominal consideration of ₹100/-. Pursuant to the aforesaid approval, Tata Steel Limited and Churchill have, today, entered into a Share Purchase Agreement setting out the terms and conditions governing the proposed transfer of Tata Steel's entire shareholding (100%) in JFSPL to Churchill. The completion of the transaction is subject to the satisfaction of certain conditions precedent, including receipt of necessary approvals from the All-India Football Federation and completion of other customary actions and activities as agreed between Tata Steel and Churchill.”

Backed by the Tata Football Academy, JFC have been one of the flagbearers in Indian football since Tata Steel had been at the helm. They won the ISL Winners' Shield in the 2021-22 season and finished 5th in the points table in the curtailed last campaign.

Churchill Brothers will have access to Jamshedpur FC players and coaching staff and it will put an end to all the uncertainties. The future of the ISL has long been in the doldrums as the league's long-term future has ben under scrutiny.