ISL Rumour: Chennai City FC to acquire majority stakes from Chennaiyin FC

In a fresh new set of rumours, Chennai City FC co-owner Rohit Ramesh of the Hindu group will acquire majority stake from Indian Super League (ISL) club Chennaiyin FC. In the process, Chennai City FC will disappear only to form CFC, with Ramesh becoming the majority stake holder.

If rumours are to be believed, it will also see, Chennaiyin FC co-owners Vita Dhani and Abhishek Bacchan form a new club, which will operate from the TansStadia in Ahmedabad. Interestingly, veteran India cricketer MS Dhoni also holds stake in Chennaiyin FC, but might not invest in the newly formed club in Ahmedabad.

At present, Rohit Ramesh and family co-own 69 per cent of share in Chennai City FC while R Krishnakumar (5%) and FC Basel (26%) also have their stakes in the club.

The newly formed CFC might operate from the Marina Arena in Chennai.

In the 2019-20 season of the I-League, Chennai City FC are currently in the fifth spot with 14 points from 10 matches. Chennaiyin FC, on the other hand, are fifth in the Indian Super League '(ISL) points table.

This rumour comes after Kolkata clubs ATK and Mohun Bagan merged to form ATK-Mohun Bagan.