Tuesday, June 28, 2022
Home Sport East Bengal EC Refuses To Sign Final Agreement With Investor Shree Cement

East Bengal EC Refuses To Sign Final Agreement With Investor Shree Cement

- Advertisement -

Kolkata: The impasse between East Bengal club officials and investor Shree Cement stuck to their points leading to the club’s executive committee refusal to ink the final deal of a venture.   

The red-and-gold’s executive committee met on Friday to discuss the matter at length the differences between the initial term sheet signed and the final agreement as claimed by the officials.

Following the meeting, the executive committee informed the decision via a press release. “Under the leadership of the club president (Dr. Pranab Ganguly), the executive committee has decided not to sign the final agreement which will force us to transfer the ownership, club ground, club tent, logo and the name of the club to the investors. The final agreement is insulting to the club members and they curtail the rights of the members,” the release read.

This will endanger East Bengal’s chances of surviving in the top-tier Indian Super League after a devastating debut season in 2020-21.

The officials’ decision to not sign the deal is seen as a pressure tactic by the maidan officials in the know of the development. However, the club supporters are peeved with the officials’ call to scrap the deal and put the future of the century-old club ast stake.

- Advertisement -
- Advertisement -
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read

Supreme Court Issues Notices To Sena Rebels

Mumbai: Maharashtra Deputy Speaker Narhari Zirwal, Chief Whip Sunil Prabhu and leader of Legislature party Anil Chaudhary were issued notices by the Supreme Court...
- Advertisement -

Maharashtra: Rebels Take Shiv Sena To Supreme Court

New Delhi: Maharashtra’s political slugfest has now reached the Supreme Court with rebel legislator Eknath Shinde challenging the Shiv Sena’s decision to disqualify him...

Sharad Pawar Calls On Uddhav Thackeray

New Delhi: Nationalist Congress Party (NCP) supremo Sharad Pawar called on Maharashtra Chief Minister Uddhav Thackeray at his residence as another Shiv Sena MLA...

Maharashtra: Uddhav Thackeray Ready To Step Down As CM

Mumbai: The ruling allies of Uddhav Thackeray in Maharashtra — Congress and Sharad Pawar — have suggested that rebel Eknath Shinde be made the...
Related News

Supreme Court Issues Notices To Sena Rebels

Mumbai: Maharashtra Deputy Speaker Narhari Zirwal, Chief Whip Sunil Prabhu and leader of Legislature party Anil Chaudhary were issued notices by the Supreme Court...

Maharashtra: Rebels Take Shiv Sena To Supreme Court

New Delhi: Maharashtra’s political slugfest has now reached the Supreme Court with rebel legislator Eknath Shinde challenging the Shiv Sena’s decision to disqualify him...

Sharad Pawar Calls On Uddhav Thackeray

New Delhi: Nationalist Congress Party (NCP) supremo Sharad Pawar called on Maharashtra Chief Minister Uddhav Thackeray at his residence as another Shiv Sena MLA...

Maharashtra: Uddhav Thackeray Ready To Step Down As CM

Mumbai: The ruling allies of Uddhav Thackeray in Maharashtra — Congress and Sharad Pawar — have suggested that rebel Eknath Shinde be made the...

New Crisis For Uddhav Thackeray-Led Maharashtra Govt

Mumbai: Maharashtra Chief Minister Uddhav Thackeray, who has been unsettled following a rebellion in the party, had a 10-minute telephonic conversation with rebel minister...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here