FC Basel buys landmark stake in Indian club
Top Swiss side FC Basel on Wednesday bought a 26 percent stake in Chennai City, becoming the first foreign side to buy into an Indian football club.
Chennai, which has only been in existence in India's I-League for three years, did not give the value of a deal that will see Basel help create a youth football academy.
But the Times of India newspaper said the European Champions League regulars would invest about 20 million euros ($22 million).……
Sports India Football Lifestyle International
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