Tata Steel has sold its entire stake in Jamshedpur FC’s parent company to Churchill Brothers Sports Club for a token Rs 100.

The company’s Committee of Directors cleared the transfer at a meeting on 14 August.

That covers the full 4.08 crore equity shares Tata Steel held in the football subsidiary. Both sides signed a Share Purchase Agreement the same day.

The deal still needs a green light from the All India Football Federation, along with a few routine approvals.

If everything goes as planned, the transaction should close by 31 August.

This isn’t just a change in ownership on paper. Jamshedpur FC’s ISL sporting licence moves to Churchill Brothers as part of the sale, and so does the playing squad.

Twelve players and two coaches will join Churchill Brothers starting September, letting them continue their careers in the league without a break.

Tata Steel has confirmed Churchill Brothers has no ties to its promoter group, so this isn’t classified as a related-party deal.

The football unit itself was a small piece of Tata Steel’s business. It brought in revenue of Rs 32.23 crore in FY26, barely a rounding error against the company’s overall turnover.

Its net worth was also in the red, at minus Rs 5.8 crore as of March 2026.

D B Sundara Ramam, who heads Corporate Services at Tata Steel, said the move lets Jamshedpur’s players and coaching staff keep playing professional football without disruption.

Tata Steel isn’t stepping away from football altogether.

The company plans to keep backing the sport at the grassroots level through the Tata Football Academy, which has trained over 300 young players since it started in Jamshedpur back in 1987.

Around 150 of those cadets have gone on to represent India at the national level.

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