3 min readUpdated: Aug 14, 2026 07:52 PM IST

Tata Steel has sold Jamshedpur FC to Churchill Brothers Football Club for a token amount of Rs 100, with the latter taking charge of the former Indian Super League (ISL) Shield winners’ first team and coaching staff. Tata Steel said in a statement that the committee of directors it had constituted to carry out the sale of the club, approved “the transfer of entire 100% equity stake comprising of 4,08,00,000 equity shares of face value Rs 10” to Churchill Brothers.

Tata Steel said in its statement that all of its stakes in the Jamshedpur Football and Sporting Private Limited (‘JFSPL’), the subsidiary it had formed to operate the club, to Churchill Brothers. This includes the contracts of the 12 players who played for Jamshedpur FC and the two coaches in its staff, in addition to the club’s ISL sporting licence.

It thus ends Jamshedpur FC’s chapter in the ISL. was founded in June 2017 and played its first season in the ISL that year. They went on to finish top of the league in the 2021/22 season and thus won the League Shield. It also confirms Churchill Brothers’ entry into the ISL and thus a possible end to a roller coaster ride since the 38-year-old Goan club finished top of the table in the 2024/25 season of the I-League and initially being declared champions. After that was reversed and awarded to Inter Kashi due to a Court of Arbitration for Sport (CAS) decision, Churchill refused to play in the 2025/26 season of the second tier, which was rechristened as the Indian Football League. This resulted in them being further relegated to the third division.

Jamshedpur’s exit had come as a shock, with the decision being announced just a couple of days after it was confirmed that India will host five-time champions Brazil in Kolkata later this year. It also came just over a month after it was announced that crisis-ridden ISL was set to be run by a consortium formed by the clubs playing in the league. Tata Steel vice-president DB Sundara Raman has said that it will continue to “continue to focus on football at the grassroots and youth level”.

“This includes the Tata Football Academy, which has trained 150 cadets who have represented India and 26 captains of national teams across various age groups. We will continue to maintain and enhance our sporting infrastructure – repurposing it for grassroots football and athlete development. We will be modernising our youth system, investing in and further building its capability in collaboration with the AIFF,” he said.