The Sports News
  • Home
  • Cricket
  • IPL
  • Football
  • ISL
  • News
  • About Us
    • Meet The Team
    • Disclaimers
    • Privacy Policy
  • Contact Us
The Sports NewsThe Sports News
Search
  • Home
  • Cricket
    • IPL 2024
  • Football
    • ISL 2023-24
  • Badminton
  • Boxing
  • Chess
  • Hockey
  • Trending
  • About Us
  • Meet The Team
  • Contact Us
  • Disclaimers
  • Privacy Policy
Follow US
© 2024 The Sports News. All rights reserved. Designed and Managed by HayWire Digital.
Football BusinessFootball Business NewsIndian Super League 2021-22

East Bengal refuses to sign new contract with investors; says it’s insulting to the club

Ishandeb Tula
Last updated: July 18, 2021 1:40 PM
By Ishandeb Tula
East Bengal refuses to sign new contract with investors; says it's insulting to the club
East Bengal refuses to sign new contract with investors; says it's insulting to the club
  • The Sports News Google News FOLLOW US
  • The Sports News Telegram FOLLOW US

Kolkata based football club, SC East Bengal have refused to sign a contract with their new investors. According to a statement released on Friday by the club, the parameters and conditions of the new contract are ‘insulting’ to them.

The club is supposed to sign an agreement for the joint venture (JV) program with Shree Cement Ltd. However there is now a deadlock between the two parties with East Bengal not ready to sign the agreement.

More Read

UP T20 League 2024 Points Table: Uttar Pradesh T20 League 2024 Team Standing
Delhi Premier League T20 2024 Points Table: DPL T20 2024 Team Standings
ISL 2024-25: ISL Summer Transfer Window – List of all Indian Super League 2024-25 completed deals and transfers

The club is adamant in its stance that if the terms of the contract are not altered, members will retire in masses. This places the club in a position of uncertainty and it’s still not sure whether they will participate in the upcoming Indian Super League or not.

There was an executive-level meeting between the board of directors which believed that the draft sent to them had ‘conditions’ which would be ‘insulting to the club members and may curtail the rights of the members’.

Breaking News : East Bengal Officials makes press release that they will not sign the Final Agreement with the Investors(Shri Cement). As the sporting rights of ISL was given to Shri Cement. there will be less chance for East Bengal to play in ISL for next season. pic.twitter.com/RYOvNQ4DJA

— Indian Football Arena (@indian_arena) July 16, 2021

SC East Bengal release an official statement

“The executive committee has decided not to sign the final agreement in which the club may lose its fundamental rights and which may force us to transfer perpetually everything from the club ground, tent, logo and the name of the club to the investors,” the club said in a statement.

Under the leadership of the club president (Dr Pranob Dasgupta), the Executive Committee has decided not to sign the final agreement which will force us to transfer the ownership, club ground, club tent, logo and the name of the club to the investors,” the statement further added.

We appeal to our fans to stand beside the club. Under the current circumstances, we have decided to discuss the matter with the former players of the club,” statement added.

TAGGED:East Bengal FCFootballFootball BusinessFootball Business NewsFootball NewsIndian FootballIndian Super LeagueIndian Super League 2021-22ISLISL 2021-22NewsSC East BengalShree Cement Limited

Most Popular

UP T20 League 2024 Points Table: Uttar Pradesh T20 League 2024 Team Standing

Delhi Premier League T20 2024 Points Table: DPL T20 2024 Team Standings

ISL 2024-25: ISL Summer Transfer Window – List of all Indian Super League 2024-25 completed deals and transfers

ISL 2024-25 Transfer Updates: Indian Super League Transfer and Signing Center Live

ISL 2024-25 fixture announced; Mohun Bagan Super Giant, Mumbai City FC set to clash in season opener on September 13

Indian Super League announces the inclusion of Mohammedan SC

ISL 2024-25: Sachu Siby and Prateek Kumar Singh leave Chennaiyin FC

ISL 2024-25: FC Goa sign goalkeeper Laxmikant Kattimani on a one-year deal

ISL 2024-25: Punjab FC rope in Ezequiel Vidal

Durand Cup 2024 Points Table and Team Standings

You Might Also Like

ISL 2024-25: Kerala Blasters FC sign Freemans Measuring Tools as Main Sponsor

ISL 2024-25: Kerala Blasters FC sign Freemans Measuring Tools as Main Sponsor

ISL 2023-24: Bengaluru FC partners with Bombay Shirt Company

ISL 2023-24: Bengaluru FC partners with Bombay Shirt Company

ISL 2023-24: Odisha FC announces Big FM as Official Radio Partner

ISL 2023-24: Odisha FC announces Big FM as Official Radio Partner

ISL 2023-24: Odisha FC announces Bhubaneswar Health Club as Official Fitness Partner

ISL 2023-24: Odisha FC announces Bhubaneswar Health Club as Official Fitness Partner

ISL 2023-24: Mumbai City FC extends partnership with Radio City 91.1 as Official Radio Partner

ISL 2023-24: Mumbai City FC extends partnership with Radio City 91.1 as Official Radio Partner

ISL 2023-24: Mumbai City FC extends partnership with JBL as Official Audio Partner

ISL 2023-24: Mumbai City FC extends partnership with JBL as Official Audio Partner

Latest News

UP T20 League 2024 Points Table: Uttar Pradesh T20 League 2024 Team Standing
Delhi Premier League T20 2024 Points Table: DPL T20 2024 Team Standings
ISL 2024-25: ISL Summer Transfer Window – List of all Indian Super League 2024-25 completed deals and transfers
ISL 2024-25 Transfer Updates: Indian Super League Transfer and Signing Center Live
ISL 2024-25 fixture announced; Mohun Bagan Super Giant, Mumbai City FC set to clash in season opener on September 13

Socials

Facebook X-twitter Youtube Pinterest Instagram Linkedin Tumblr Snapchat Reddit Telegram Newspaper
  • Home
  • About Us
  • Meet The Team
  • Contact Us
  • Sitemap
  • Privacy Policy
  • Disclaimers
The Sports News

The Sports News is all about all those sports freak who live and breathe cricket, football, and any sports that you name. 

© 2024 · The Sports News. Designed and developed by Haywire Digital.