East Bengal will ‘now not signal ultimate settlement will traders’

East Bengal membership control on Friday made up our minds to not signal the overall settlement with investor Shree Cement Restricted, additional deepening the continuing disaster over moving of wearing rights.

The verdict was once taken at an emergent assembly the place 24 government individuals signed in a commentary that would jeopardise their participation within the top-tier Indian Tremendous League.

“We can now not signal the settlement the place the individuals will lose their elementary rights, the place the membership shall be completely passed over and we can lose the best over flooring, brand, tent,” East Bengal basic secretary Kalyan Majumdar mentioned in a commentary.

The assembly was once held amid protest via the membership supporters out of doors the tent the place they shouted slogans and known as for West Bengal leader minister Mamata Banerjee’s intervention.

Following the go out of former investor Quess Corp ultimate yr, East Bengal made a final minute foray into the ISL after SCL got here on board via the intervention of state leader minister Mamata Banerjee.

Having bought a stake of 76 in step with cent, the cement giants signed a time period sheet with the membership in September ultimate yr because the red-and-gold’s wearing rights in addition to all its belongings and homes (together with highbrow) have been reportedly transferred to the newly-formed consortium.

However a last binding settlement of the deal is but to be signed via the membership control, resulting in the logjam.