RoundGlass Sports takes over Punjab FC
KOLKATA: While the world has been paralyzed by the Covid-19 pandemic, RoundGlass Sports has made a move to acquire 100% of Punjab FC, before. Minerva Punjab FC . The new owners, who made a 50-50 deal with the founder of Punjab FC Ranjit Bajaj Before the start of the 2019-20 season, he announced the full acquisition late on Saturday night. RoundGlass Sports will now operate and manage all existing Punjab FC teams, including the senior team.
The club was officially renamed Punjab FC after Bajaj sold 50% of the shares to the new owners and on March 17, 2020 marked RoundGlass Sports' official purchase of the remaining 50%.
Following the deal, Gurpreet Singh , RoundGlass founder said: RoundGlass Sports will build Punjab Football Club by creating a peerless, best-in-class academy rooted in holistic wellness philosophy. This commitment and investment will identify, nurture and produce talented players capable of achieving success internationally. Our goal is to create positive results for society, in terms of the health and productivity of the entire community.
I have long believed in the power and potential of Punjabi talent and hope to empower the community with RoundGlass Sports Academy to create an exciting, credible and inspiring new chapter for Indian football . We will make our children's dreams come true with our passion and dedication to this mission, Singh added.
The RoundGlass Sports Academy will train and field multiple teams under Punjab FC in various age groups — from as young as under-7 to senior levels. The academy will be located in Punjab and will offer training facilities as its first priority.
I am proud of the work we have done and the results we have achieved with the club. It will be exciting to see RoundGlass Sports take the club to the next level and set new standards for soccer in India, and beyond, former owner Bajaj said on the occasion.
Minerva Punjab, formed in 2013, has won all the competitions in which she has participated, except the Super Cup. Two years after its existence, Minerva won the Chandigarh State League to reach the second division of the I-League. In their first season there, they finished second to reach the I-League, the country's then-first league. They won the title in the 2017-18 season, their second attempt.
They won the U-13 league in 2017, hat-tricked victories in the 2015-18 U-16 league and elite U-18 league in 2018. Despite such a level of overall success, Bajaj is understood to be He sold the club due to the fact that there will be no relegation promotion at the top level for the next three years. Therefore, you are willing to invest in youth and Minerva Academy It will be operational as before and with great vigor to produce young talents for the country as it has been doing in the recent past.