The football secretary of East Bengal took social media to point out the exact demands of the club officials from their investors...
East Bengal's Football Secretary Saikat Ganguly took to social media to state four demands of the club officials from their investors Shree Cement Limited to explain why they have delayed signing the proposed final agreement of the joint venture.
The Red and Golds had entered into a joint venture with Shree Cement Limited in September 2020. They had signed the term sheet under which they were obliged to transfer the club’s sporting rights as well all its assets and properties (including intellectual) to the newly formed company Shree Cement East Bengal Foundation where the investors hold 76 per cent stake.