The partnership agreement between Indian footballing giants, East Bengal and potential investor Emami Group continues to undergo further delays despite the club management reiterating that the process of setting up the joint venture is under way.
East Bengal’s executive committee on Tuesday passed the resolution of issuing the no-objection certificate to the investor, which is understood to be a prerequisite for club licensing criteria.
“We’ll sit with the investor again in a day or two to discuss our next course of action. Hopefully, the deal will be signed in a week,” senior club official Debabrata Sarkar said in a statement.
“Our personal family function, as referred to by the East Bengal Club in their press release issued today, has no bearing on the agreement/ development. In this context, we wish to state that we are a professional corporate entity and we understand the urgency of building the team ASAP. We have received today (Sunday), East Bengal Club’s response with suggested inputs by their legal counsel,” a spokesperson said.
Meanwhile, in other news related to the club, the management has decided to award former stars, Goutam Sarkar and Swapan Sengupta with the lifetime achievement award.