VPS Health Group Denies Kerala Blasters FC Acquisition Rumors

Aug 2, 2026

74 min

Aug 2, 2026 11:30

No talks held to buy Kerala Blasters FC, VPS Health Group clarifies

## VPS Health Group Refutes Takeover Claims

VPS Health Group has officially denied any involvement in the rumored acquisition of Kerala Blasters FC, a prominent team in the Indian Super League (ISL). The group clarified that neither it nor its founder, Dr. Shamsheer Vayalil, has engaged in discussions to purchase the club, dismissing the circulating reports as unfounded.

## Financial Struggles for Kerala Blasters

The speculation about a potential sale arose as Kerala Blasters faces significant financial challenges. The club's owners, Magnum Sports Limited, have been reportedly seeking a buyer due to mounting losses. Previously, V.K. Mathews, chairman of IBS Software and owner of Kozhikode FC, showed interest in acquiring the team but withdrew after finding the asking price of Rs1.5 billion too steep and the timeline for team rebuilding too short.

## Impact of ISL Management Changes

Kerala Blasters' financial woes have worsened since the All India Football Federation's commercial partner, Football Sports Development Limited (FSDL), ceased managing the ISL. This change ended the distribution of broadcast and commercial revenues that clubs depended on, leading to an estimated Rs300 million annual revenue loss for the Blasters. The value of the league's broadcast rights also dropped significantly, exacerbating the club's financial situation.

## Future Prospects

With the player transfer window open until August 31, Kerala Blasters requires substantial investment to enhance its squad and support its management team. Despite rumors of a potential buyer, no confirmed acquisition talks have been reported, leaving the club's future uncertain.

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