Archive · 29 Sep 2026
Al Fursan Group Completes Kerala Blasters Takeover Ahead of ISL
Kerala Blasters FC has a new owner called Al Fursan Group.
The group is based in the Gulf region.
It has bought all of the club’s shares.
The deal is worth about ₹100-120 crore.
The payment is expected to happen over eight months.
This ends Magnum Sports’ ownership of the team.
The new owners will review the players, coaches and football operations.
The club is expected to keep playing home matches at the Jawaharlal Nehru Stadium in Kochi.
Gulf-based Al Fursan Group has completed the acquisition of 100% of Kerala Blasters FC.
The deal values the Indian Super League club at approximately ₹100-120 crore.
Payment is expected to be made over an eight-month period.
The takeover ends Hyderabad-based Magnum Sports’ ownership, which began in 2016.
Al Fursan Group is backed by interests linked to Sharjah’s ruling Al Qasimi family.
- Who
- Al Fursan Group acquired Kerala Blasters FC from Hyderabad-based Magnum Sports.
- What
- Al Fursan Group completed a 100% takeover of the Indian Super League club.
- When
- The takeover was completed ahead of the ISL 2026-27 season.
- Where
- The club is based in Kochi and is expected to continue playing at the Jawaharlal Nehru Stadium.
- Why
- The acquisition ends Magnum Sports’ ownership and gives Kerala Blasters a new Gulf-linked ownership structure.
- New owner
- Al Fursan Group
- Club
- Kerala Blasters FC
- Ownership acquired
- 100% of the club’s shares
- Reported valuation
- Approximately ₹100-120 crore
- Payment timeline
- Expected over eight months
- Previous owner
- Magnum Sports
- Previous ownership began
- 2016
- Expected home venue
- Jawaharlal Nehru Stadium, Kochi
