Tata Steel has decided to transfer its entire stake in Jamshedpur Football and Sporting Private Limited (JFSPL), the entity that operates Indian Super League (ISL) club Jamshedpur FC, to Churchill Brothers Sports Club Private Limited for a nominal amount of ₹100.

The company announced the decision in a regulatory filing on Friday, stating that its Committee of Directors had approved the transfer of 100% equity in JFSPL. The deal covers 4.08 crore equity shares, each with a face value of ₹10.

Following the approval, Tata Steel and Churchill Brothers entered into a Share Purchase Agreement detailing the terms and conditions of the proposed transaction.

The transfer is subject to regulatory and customary approvals, including clearance from the All India Football Federation (AIFF), and is expected to be completed by August 31, 2026.
JFSPL reported a turnover of ₹32.23 crore during the 2025–26 financial year.

The transaction is also expected to include the transfer of Jamshedpur FC’s ISL sporting licence to Churchill Brothers, in line with AIFF regulations. The Goa-based club is set to take over the contracts of 12 players and two coaches currently associated with Jamshedpur FC from September 2026.

With Churchill Brothers set to enter the ISL, Goa could witness an exciting Goan derby between Churchill Brothers and FC Goa, adding a new chapter to the state’s football rivalry.