Ex-Indian league champ sold for one dollar

The Tata Steel Group officially finalized the sale of Jamshidpur Club by selling its entire stake to Churchill Brothers Club for a nominal amount of 100 Indian Rupees (approximately $1.05), two weeks after announcing their intention to withdraw. The deal includes the rights to sports licensing, contracts for 12 players, and two coaches, which resulted in Jamshidpur’s team losing its place in the Indian Premier League and being relocated to Goa, far from its original city. This withdrawal comes amid instability in the league, following the end of the partnership with Reliance Group and the lack of announcements regarding the new season's schedule or broadcasting partner. Meanwhile, the deal offers Churchill Brothers a chance to return to the Premier League after their absence since the 2013-2014 season.

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