East Bengal meeting with Emami after 1st July: Club


East Bengal’s possible alliance with the Emami Group was further delayed and the two parties will meet only after July 1, the club announced on Sunday.

“We have consulted our legal team after getting the contract from Emami Group. Since then, our legal team has sent their draft to Emami Group, ”East Bengal Joint Secretary Roopak Saha said in a statement.

“They have a social function on July 1 and I hope we can sit together and complete it as soon as possible,” he added.

It has been almost a month since he became the Chief Minister of West Bengal Mamata Banerjee An “tie-up” was announced between the Emami Group and East Bengal but no agreement has been signed since then.

Among other things, the Emami Group reportedly wants an 80 per cent majority stake in the club.

“I can’t reveal the details but there is no obstruction yet. We hope to reach an agreement, “Emami Group director Aditya Agarwal told PTI.

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The picture is still not clear about their ISL participation next season, with the club’s team building closing midway after a handful of announcements.

Midfielder Mobashir Rahman, who represented League Shield winners Jamshedpur FC, was the last person to join the club.

At the team building, he said: “We will cross the bridge when he arrives. We will proceed only after receiving the green signal.

Red-and-Gold had two devastating ISL seasons under SC East Bengal.

In his ISL debut in 2020-21, he finished ninth out of 11 teams, and last season his association with Shree Cement Ltd. ended prematurely as he ended rock-bottom.

SCL bought a 76 per cent majority stake in troubled East Bengal on September 2, 2020 to help them enter the ISL in a last-minute entry.

But the East Bengal Association did not do well as their executive committee refused to sign the final agreement, claiming that there were discrepancies in the initial deadline that led to investor tensions after last season.

Prior to SCL, Quess Corp bought a 70 per cent stake in East Bengal in 2018 but the relationship between the two institutions was strained and lasted for two years before the Bengaluru-based group split in June 2020.

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