Indian Football club gets foreign stake holder

Chennai City FC (CCFC), the current leaders of India’s top flight football league, the Hero I-League, in a press conference at Delhi announced that FC Basel, the top Swiss Football Club will transfer their knowledge to Chennai City FC.

FC Basel Holding AG will be acquiring 26% shares in the Club in a first of its kind deal.In what could be a welcome step forward for the future of Indian Football, the Co-Owners Rohit Ramesh and R.Krishnakumar revealed details of the tie-up in the presence of FC Basel 1893 President Bernhard Burgener and CEO  Roland Heri and other officials of FCB and CCFC.