A consortium of investors, including megastars Chiranjeevi and Akkineni Nagarjuna, leading film producer Allu Arvind and industrialist and serial entrepreneur Nimmagadda Prasad have joined hands to buy stake in Blasters Sports Pvt. Ltd., the owners of Kerala Blasters.
The new investors in Kerala Blasters were unveiled at a ceremony here.
Tendulkar will continue to be a co-owner with Kerala Blasters, holding a significant stake, a media release said.
Kerala Blasters franchise is the first investment in the growing sports business in the country for this consortium.
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In a symbolic gesture, Tendulkar, Chiranjeevi, Nagarjuna, Allu Arvind and Nimmagadda Prasad signed a football sporting the Kerala Blasters logo.
Earlier in the day, Tendulkar and all the new co-owners met Kerala Chief Minister Pinnarayi Vijayan at the state secretariat. They also had a meeting with Kerala Football Association President K M I Mather.
Chiranjeevi said, "I have been an aspiring footballer on the reel and I am very excited to be part of a popular club co-owned by Sachin Tendulkar. All of us in Kerala Blasters are committed to expanding the football base in the state and give the potential talent a platform to perform and excel."