What can happen if East Bengal do not sign the final agreement and walk out of the deal with investor Shree Cement?
East Bengal club officials are at loggerheads with their investor Shree Cement Limited for the past few months over the signing of the final agreement of the joint venture which was to be formed between the two parties.
Shree Cement came on board as the club's new investor after Quess Corp ended their association with the Red and Golds in July 2020.
A term sheet was signed between the two parties back in September 2020 after which Shree Cement was announced as the club's investor in the presence of West Bengal Chief Minister Mamata Banerjee.