UAE-based sports and sports tech-consortium Al Fursan has officially become the owner of ISL club Kerala Blasters, signing a definitive agreement to acquire 100% shares of Blasters from the Magnum group. The acquisition will be completed in phases over the next eight months during the 2026-27 season without disrupting the operations of the club.
Al Fursan Group Acquisition Valuation
Al Fursan is led by Sheikh Ahmed bin Faisal Al Qaismi, a member of the ruling royal family of UAE. It has been reported that Al Fursan Group, backed by the ruling Al Qasimi family of Sharjah, has agreed to a deal for a 100% takeover of Blasters, at a valuation of approximately 100-120 crores, and the payment is to be made within eight months, with the first tranche deposited. Sheikh Ahmed bin Faisal Al Qassimi of the Royal Family is reportedly set to become a shareholder of Kerala Blasters, and Mr Dunston Pereira, CEO of the Al Qassimi Group, is reportedly the key person behind the investment deal between KBFC and the Al Fursan Group.
Ofioh Sporty Operational Partner Appointment
Kerala-based sports management firm Ofioh Sporty has been appointed as operational partner with its CEO Thameem Anwar and co-founder Sharath Kuniyil overseeing the day-to-day affairs operations of the club. Ofioh Sporty India Private Limited is likely to handle the operations and commercial activities of Blasters FC this season.
Project Blasters Private Limited Registration
Earlier, on the 24th of September, a new private limited company, Project Blasters Private Limited, was registered in Bengaluru. Along with that, on the next day, a limited liability partnership firm, Project Blaster Partners LLP, was also registered. Presented by Al Fursan Group, Project Blasters is a visionary initiative for supporting investments in the sports ecosystem, including their sports academies, players, teams, clubs and athletes.
“The club is in safe hands,” said Anwar. “The incoming ownership shares our belief in what Kerala Blasters represent and will carry the club forward with the ambition, care and respect it deserves. We would like to thank them for their thoughtfulness and professionalism throughout the process and wish them the very best for the journey ahead,” said Blasters on an Instagram post.
Ashley Westwood Head Coach Retention
Ashley Westwood will remain as the head coach for the upcoming season. The team’s training camp will begin in Chennai on Wednesday and the full squad announcement is expected to be made this week.
Blasters, who open their ISL campaign against Inter Kashi on October 11, will play their first home match against Mumbai FC on October 25 at the Jawaharlal Nehru International stadium.
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