The century-old club's inclusion in ISL this season was on expected lines after its new investors Kolkata-based Shree Cement Limited, picked up the bid documents to enter the ISL.
East Bengal had recently announced that they had sold a majority stake to city-based Shree Cement Ltd and would appeal to the ISL organisers in a bid to participate in the league.
As the East Bengal merger with Sree Cement foundation for Indian Super League gains pace, club’s executive member reveals what transpired behind the scenes
Manchester United congratulate East Bengal on centenary celebrations and wish them good luck for much-anticipated ISL entry
East Bengal on Wednesday got an investor in Kolkata-based Shree Cements and West Bengal Chief Minister Mamata Banerjee, who played a big role in the negotiations, made a strong pitch for the century-old club's inclusion in the ISL.
West Bengal Chief Minister Mamata Banerjee made the announcement on Wednesday, saying "all problems are solved, East Bengal will now play in the ISL".
West Bengal Chief Minister Mamata Banerjee on Thursday announced a joint venture between the century-old club with the city-based Shree Cement company.
There has been a lot of hue and cry ever since it came to light that FSDL, during a meeting with club representatives, made it clear that they would stick to 10 teams for the upcoming season starting in November.
FSDL's presentation to the clubs made it quite clear that the upcoming ISL season will be played with the ten teams as last year and there is no scope of an extension of teams as far as 2020-21 season is concerned
East Bengal will now be able to complete the club licensing formalities which will make them eligible to play in either ISL or I-League.
The club has been grappling with financial woes following the premature pullout of its former investor Quess Corp, who were its title sponsors for two seasons.
With their Centenary Foundation Day barely a month away, the club is grappling with financial woes following the premature pull-out of its former investor Quess Corp
Johnny Acosta, who has featured in the World Cup with Costa Rica, has lashed out at East Bengal for ill-treatment.
In case the salaries are not paid for two months or more, the player is a free agent with the right to terminate his/ her contract and join other clubs, the guidelines say.
In July 2018, Bangalore-based Quess Corp Ltd had signed an agreement with East Bengal club, leading to the formation of a new entity called Quess East Bengal FC Pvt. Ltd (QEBFC). It acquired 70 per cent stakes.
The 13-member group, comprising mostly of Spaniards, made a quiet exit from India in the wee hours of Tuesday by a specially-arranged Dutch Airlines flight from New Delhi. They will travel to their respective homes from Amsterdam.
East Bengal finished a distant second in the I-League under Rivera, who was recruited by team's principal sponsors, who are on their way out.
The club's most recent sponsor Quess Corp had terminated all the existing contracts in the wake of the COVID-19 pandemic and the players and officials wouldn't be paid their salaries for the month of May.
The 2019-20 season of I-League was concluded by the All India Football Federation (AIFF) with Mohun Bagan declared as champions as remaining matches could not be completed due to the COVID-19 pandemic.
The season has officially ended abruptly with Mohun Bagan declared winners. They have merged with reigning ISL champions ATK and all eyes are now on East Bengal to follow suit.
Top News
Latest News
