East Bengal lastly will get an investor, to make a robust pitch for ISL this season


Kolkata, September 2

East Bengal lastly acquired an investor with West Bengal Chief Minister Mamata Banerjee asserting on Thursday a three way partnership of the century-old membership with city-based Shree Cement firm and making a robust pitch for its inclusion within the Indian Super League this 12 months.

In an unprecedented announcement on the state secretariat Nabanna in Howrah, Banerjee stated with the approaching in of Shree Cement, East Bengal is “self-sufficient to complete the formalities” to play within the ISL.

“No one is ready to spend in this pandemic situation. But Shree Cement have come forward and finalised the negotiation. It gives a different level of joy and satisfaction,” Banerjee stated following a gathering with membership officers and Shree Cement at Nabanna.

“They (East Bengal) are now self-sufficient to complete the formalities (to play in ISL). It’s like winning from the jaws of defeat. I hope there will be no further obstacles,” she added.

She stated she has requested the All India Football Federation to do the needful in order that East Bengal can play within the ISL this season.

“All problems are now solved. Today all the fans will be happy that East Bengal will play in the ISL. Of course, they have to complete the formalities. I have requested everyone including the AIFF.”             

The particulars of the deal weren’t disclosed, however it’s learnt that Shree Cement can have a majority stake of 80 per cent and the membership will search for an entry into the ISL.

With lower than three months left for the match to begin, it stays to be seen how FSDL, the ISL organisers, opens a slot for East Bengal’s final minute entry.

This 12 months’s ISL will probably be performed in three venues in Goa, doubtless beginning within the later a part of November, amid strict well being and security measures to take care of the COVID-19 risk.

The chief minister had taken private curiosity within the negotiation of the red-and-gold brigade, who, of their centenary 12 months, had been left within the lurch after their former traders Quess Corp pulled out in May.

East Bengal’s arch-rivals Mohun Bagan will make a foray into the ISL this season following a merger with ATK earlier this 12 months.

“East Bengal Club are celebrating 100 years. In the middle, there was an uncertainty. They were being deprived and Mohun Bagan had signed contracts. We did not want East Bengal to lose out,” Banerjee stated.

East Bengal prime official Debabrata Sarkar profusely thanked the chief minister for her private intervention and stated his membership “will now complete all the formalities and make a strong bid to play in the ISL”.

“For the final seven months, she has been continually supporting us. I keep in mind the day there was announcement of Mohun Bagan’s tie-up (with ATK). Didi (Mamata) referred to as up and requested ‘what is going to occur to you?

“She went on to add ‘I’m with you. I can never forget that. Even we had not dreamt of such a thing,” Sarkar stated.

FSDL’s mother or father firm Reliance’s Tarun Jhunjunwala stated: We will strive that East Bengal will play in ISL this 12 months. There are some formalities which have to be accomplished. With East Bengal and Mohun Bagan collectively in ISL, this will probably be a brand new starting of Indian soccer.

“We would not have reached this stage without the blessing of Didi,” he added.

A Shree Cement official stated: “We are proud to be associated with East Bengal. Without the Chief Minister’s intervention, this partnership would not have been possible.”                

Bengaluru-based Quess Corp, who had a 70 per cent stake within the membership, terminated their tie-up in May, one 12 months forward of their deal to go away East Bengal and not using a sponsor.

East Bengal gamers’ contracts had been additionally terminated from May 1, forward of the particular date utilizing the Force Majeure clause.

But the membership remained hopeful with Banerjee having approached AIFF President Praful Patel in May to contemplate East Bengal’s entry into the ISL. PTI

 



Be the first to comment on "East Bengal lastly will get an investor, to make a robust pitch for ISL this season"

Leave a comment

Your email address will not be published.


*


%d bloggers like this: