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In a series of big developments, Jamshedpur FC are set for a major shift in ownership, with Churchill Brothers Sports Club Private Limited taking control of the club's operating company, Jamshedpur Football and Sporting Private Limited (JFSPL). Tata Steel has decided to exit from the venture by selling it's entire holding in JFSPL, with the deal valued at a token amount of just Rs 100.
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Big change in Indian football
The decision was greenlit by Tata Steel's Committee of Directors, which was constituted by the company's board. As part of the agreement, Tata Steel will hand over its entire shareholding of 4.08 crore equity shares in JFSPL, bringing its full ownership of the subsidiary to an end. Each of these carries a value of Rs 10.
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Notably, Tata Steel and Churchill Brothers have announced the proposed ownership transfer by entering into a share purchase agreement that forms the conditions of the deal. Meanwhile, the takeover remains at All India Football Federation's (AIFF) court for the final approval. JFSPL, the entity operating Jamshedpur FC, accumulated a turnover of Rs 32.23 crore in the 2025-26 financial year.
As per recent media reports, the two companies had major definitive attempts for acquiring Jamshedpur FC before the financial crises led to Tata Steel agreeing to sell the club to Churchill Brothers. Tata Steel clams that the agreement will let the club's players and coaching staff continue their footballing careers.
Tata to turn focus on youth development
Despite stepping away from Jamshedpur FC's ownership, Tata Steel will look to continue their work in the development of grassroot levels. The company intends to help the grassroot talent through Tata Football Academy and its various youth initiatives.
So far the academy has produced over 150 football players who went on to represent India, including 26 captains across different national age-group teams.
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