India's Tata Steel offload top-flight club Jamshedpur for $1

Aug 14 : Tata Steel sold all its stake in Indian Super League side Jamshedpur FC to Goa-based club Churchill Brothers for a token amount of 100 Indian rupees ($1.05) on Friday, two weeks after the conglomerate announced it was pulling out of the ISL.Twice national league champions Churchill Brothers will take over Jamshedpur's sporting licence to play in the top-flight ISL, and the contracts of 12 players and two coaches, Tata Steel said in a statement."We are glad that this agreement gives our players and coaches the opportunity to continue playing club football," D. B. Sundara Ramam, Tata Steel's vice president of corporate services, said in a statement.Earlier this month, Jamshedpur players issued an emotional plea to the club's owners to reconsider closing down the club, which won the