​FC Basel ​1893 ​Acquire 26% Stake in I-League Club Chennai City FC, Plan​ ​Academy
Channel: NewsClickin
Date: 06/02/2019

​I-League club Chennai City FC and Switzerland's FC Basel ​1893 ​signed a landmark deal in New Delhi on February 6. ​FC ​Basel has become the first foreign club to invest in an Indian side, acquiring 26% share of ​I-League contenders ​Chennai City​ FC​.​ ​As part of the partnership Basel -- whose youth system has nurtured players such as Liverpool FC stars Mohamed Salah, Xherdan Shaqiri  and Croatian star Ivan Rakitic -- will use their expertise to set up a talent scouting system in Tamil Nadu, a residential youth academy in Coimbatore, and roll out football schools across the country in the coming years. Chennai co-owners Rohit Ramesh and R Krishnakumar revealed details of the tie-up in the presence of FC Basel president ​​Bernhard Burgener, CEO ​​Roland Heri and other officials of FCB.