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Club facing more delays in sealing deal with investor Emami Group

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.

Last month, an Emami Group spokesperson firmly put the blame on East Bengal for the delay in signing the agreement as the team building was reportedly stopped midway after a handful of announcement.


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