FC Basel buys landmark stake in Indian club

FC Basel buys landmark stake in Indian club

Yahoo - Sports·2019-02-06 08:48

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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).

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