Tuesday, July 27, 2021
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

Chanu’s Medal To Motivate Other Indians In Tokyo Olympics: Karnam Malleswari

Kolkata: The moment Indonesian Windy Cantika Aisah failed to lift 87kg in the snatch at the Tokyo Olympics 2020; India was assured...
- Advertisement -

Tokyo Olympics: Easy Wins For Mary Kom, Sindhu; India Drubbed By Australia In Hockey

Tokyo: India had a mediocre day here on the third day of the Tokyo Olympics on Sunday.   Six-time...

Former Prasar Bharati CEO Jawhar Sircar Nominated To Rajya Sabha

Kolkata: Mamata Banerjee-led Trinamool Congress nominated retired IAS officer and former Prasar Bharati CEO, Jawhar Sircar to the Rajya Sabha, the upper...

Chanu’s Silver Big Boost For Indian Weightlifting: Malleswari

Mumbai: Two legends — Karnam Malleswari and N Kunjarani Devi — of Indian weightlifting hailed Saikhom Mirabai Chanu, for winning India’s first...
Related News

Chanu’s Medal To Motivate Other Indians In Tokyo Olympics: Karnam Malleswari

Kolkata: The moment Indonesian Windy Cantika Aisah failed to lift 87kg in the snatch at the Tokyo Olympics 2020; India was assured...

Tokyo Olympics: Easy Wins For Mary Kom, Sindhu; India Drubbed By Australia In Hockey

Tokyo: India had a mediocre day here on the third day of the Tokyo Olympics on Sunday.   Six-time...

Former Prasar Bharati CEO Jawhar Sircar Nominated To Rajya Sabha

Kolkata: Mamata Banerjee-led Trinamool Congress nominated retired IAS officer and former Prasar Bharati CEO, Jawhar Sircar to the Rajya Sabha, the upper...

Chanu’s Silver Big Boost For Indian Weightlifting: Malleswari

Mumbai: Two legends — Karnam Malleswari and N Kunjarani Devi — of Indian weightlifting hailed Saikhom Mirabai Chanu, for winning India’s first...

Tokyo Olympics 2020: Low-Key Opening Ceremony Sans Fans

Tokyo: The Olympics got off to low-key beginning in front of an empty stadium here on Friday. Thanks to...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here