East Bengal membership administration on Friday determined to not signal the ultimate settlement with investor Shree Cement Restricted, additional deepening the continued disaster over transferring of sporting rights.
The choice was taken at an emergent assembly the place 24 government members signed in an announcement that would jeopardise their participation within the top-tier Indian Tremendous League.
“We is not going to signal the settlement the place the members will lose their basic rights, the place the membership can be completely handed over and we are going to lose the appropriate over floor, brand, tent,” East Bengal common secretary Kalyan Majumdar stated in an announcement.
The assembly was held amid protest by the membership supporters exterior the tent the place they shouted slogans and referred to as for West Bengal chief minister Mamata Banerjee’s intervention.
Following the exit of former investor Quess Corp final yr, East Bengal made a final minute foray into the ISL after SCL got here on board by the intervention of state chief minister Mamata Banerjee.
Having acquired a stake of 76 per cent, the cement giants signed a time period sheet with the membership in September final yr because the red-and-gold’s sporting rights in addition to all its property and properties (together with mental) have been reportedly transferred to the newly-formed consortium.
However a last binding settlement of the deal is but to be signed by the membership administration, resulting in the logjam.