New Delhi, Aug. 14 -- Jamshedpur FC have been sold to Churchill Brothers Sports Club Private Limited, bringing an end to Tata Steel's ownership of the Indian Super League (ISL) club.

The transaction, completed for a nominal consideration of Rs.100, transfers full ownership of Jamshedpur Football and Sporting Private Limited (JFSPL), the company behind the football club, to the Goa-based outfit.

This development comes in the aftermath of Tata Steel confirming that Jamshedpur FC would withdraw from the upcoming ISL season, stating that the club's focus would be on grassroots football.

The company had decided against paying the Rs.55 lakh participation fee required under the league's new club-led model and subsequently confirmed that the ...