The soft drink giants have signed a three-year contract and the money would be paid as per the team's performance in each season.
Churchill Brothers, reduced to 10 men in the second half, downed Chirag United 2-0 to move to the top of the points table after their eighth round I-League match at Nehru Stadium in Margao on Friday.
The Nigerian World Cup player will take over the Goa club in June. He replaces Moroccan Karim Bencherifa, who resigned in March to join Mohan Bagan.
With the win, Churchill Brothers have collected 13 points from seven matches in the ONGC I-League football championship, while Viva Kerala, who suffered their second defeat, remained on nine points.
Dempo Sports Club beat Churchill Brothers 2-0 to score their third successive victory in the ONGC I-League at the Nehru stadium in Margao on Tuesday. JCT and Mahindra United were involved in a goalless draw in another match in Ludhiana.
Churchill Brothers' efforts to regain the second spot in the I-League points table got a jolt as East Bengal came from behind to hold Churchill Brothers to a 2-2 draw at the Nehru Stadium on Sunday.
Churchill Bros defender Gouramangi Singh has been invited by Melbourne Heart FC, a Melbourne based A-League football club, for a two week trial from June 7-19.
Moroccan Karim Bencherifa, who parted ways as Mohun Bagan coach recently, will take charge at Salgaocar SC on February 17, club secretary Raj Gomes said.
Former Nigerian world cupper Emeka Ezeugo has signed in as the head coach of Churchill Brothers Soccer Club.
Mumbai Football Club (MFC) wants to put behind their two losses and vows to snatch a point against defending champion Churchill Bros when they meet them at Nehru stadium, Margao in the third round of the I-League on Friday.
A brace by Nitendra Chandra helped Mahindra United beat Churchill Bros 3-0 on the opening day of the Nike-Manchester United Premier Cup (under-15) South and West Zone football qualifiers at the Nehru stadium, in Margao, Goa, on Wednesday. The other goal was an own goal by Churchill Brothers' Jesel Baretto. In another match, played at the Raia Football ground, Mumbai Schools Sports Association were held to an 1-1 draw by Barca FC.
Sporting Clube de Goa keeper Luis Barreto put up a brave front under the bar to hold Churchill Bros to a goalless draw and split points in the 10th round of the I-league, played at Nehru Stadium, Fatorda, Margao.
A double strike by Ogba Kalu Nnanna guided Churchill Bros on top of the ONGC I-League table as the hosts scored an impressive 3-1 victory over visitors Mohun Bagan in the 18th round match played at Nehru Stadium in Margao on Wednesday.
A stout defending and a couple of good saves by keeper Arnab Das Sarma of Air-India denied Dempo full points as both settled for a goalless draw in the 15th round of ONGC-I-league played at Nehru stadium in Margao on Tuesday.
Odafa Okonji scored a brace to guide Churchill Brothers to a 2-0 win over Sporting Clube de Goa in their opening National Football League encounter on Sunday.
"We do not mind Yakubu moving over to another club, but the transfer fee has to be settled", Churchill Bros manager Denzil Ferrao said.
An injury time goal by Sidney Rodrigues gave them a 1-1 draw in the National Football League.
The veteran striker scored once in each half as JCT beat Churchill Brothers 2-1 in a National Football League match.
The Kolkata team did well to snatch a point from their away match in the National Football League.
A summary of sports events and sports persons, who made news on Saturday
News of all that's transpired on and off the football field