Kerala Blasters confirm 100% sale, UAE-based group linked with takeover

Kerala Blasters FC have confirmed that their current owners, Magnum Sports Private Limited, have entered into a definitive agreement to sell 100% of the Indian Super League club. The club has not officially named the incoming owners, although several reports have linked the takeover to a UAE-based consortium led by Sheikh Ahmed bin Faisal Al Qassimi.

The transfer of ownership will be completed in phases during the 2026-27 season, Kerala Blasters said. All club operations and commitments to partners and supporters will continue without interruption, with the new group gradually taking over day-to-day operations and its identity to be announced “in due course”.

“The transaction and transfer of ownership will be completed in phases during the 2026/27 season,” Kerala Blasters said in their official statement.

“All club operations and commitments to its partners and supporters will continue uninterrupted during this period, with the incoming ownership group taking over all day-to-day operations.”

Many reports identified Sheikh Ahmed bin Faisal Al Qassimi, a member of the Sharjah ruling family and businessman, as a key figure in the future takeover. Reports also link the investment to Al Fursan Sports Investment, although neither the company name nor Al Qassimi’s ownership have been formally confirmed by Kerala Blasters. Manorama announced that the Al Qassimi-led club was to be acquired.

DEPARTING OWNERS SAY GOODBYE

The outgoing shareholders described Kerala Blasters as a journey that grew into something much bigger than their original attempt to build a football club in the state. They acknowledged the difficulty of the decision while expressing confidence in what had been built.

“The decision to sell the club was not an easy one,” the shareholders said, adding that it came “after careful consideration and with a deep understanding of what Kerala Blasters means to the people who have made it what it is.”

They also said the club’s foundations remained strong for its next phase. “We leave knowing that we have built a stronger club with solid foundations that will enable Kerala Blasters to embrace the changes ahead in Indian football and continue to grow,” it said in a statement.

OWNERSHIP CHANGES ACROSS ISL

Kerala Blasters’ move comes after other ISL clubs have undergone major ownership changes. Hyderabad FC’s sporting license was acquired by Jindal Football Private Limited, part of the Delhi-based BC Jindal Group, in 2024 before the club later moved to New Delhi and it was renamed Sporting Club Delhi.

Jamshedpur FC underwent another major transition in August 2026. Tata Steel has transferred its entire 100 per cent stake in Jamshedpur Football and Sporting Private Limited to Goa-based Churchill Brothers Sports Club Private Limited for a nominal consideration of Rs. The transaction included the ISL sports license and the contracts of 12 players and two coaches.

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