Current situation of East Bengal and Emami Group’s potential tie-up

ISL club East Bengal’s investors’ issues are still hanging. Though there is some light in the tunnel with the recent talk with their new potential investor Emami Group, there is still nothing clear sign.

The almost 102-year-old football club East Bengal had very disappointing experiences in their first two ISL seasons (2020/21 and 2021/22). Last few years, the football club is struggling to find strong investors as it is massively hampering their preparation before the ISL season and signing the top players.

east bengal

East Bengal club and Emami Group are currently in talks for some time. Around a month ago, West Bengal Chief Minister Mamata Banerjee announced the new tie-up between the East Bengal club and the Emami Group. Both parties are interested in this new partnership, but they haven’t reached a final agreement yet.  

Emami Group’s current position

Emami Group
Image Credit: Twitter

The recent media reports claimed that Emami Group is now busy evaluating and ratifying the agreement through their legal team. Media reports expect some good and finalize news in early July.

Emami Group reportedly wants around 80% of the stake in the East Bengal club. Previously, Quess Corp had a 70 per cent stake in the club, while SCL later became the investor of the club by acquiring a 76 per cent stake of the club. There is yet to be clarified whether the club has agreed to the new investors’ demand of stake.

East Bengal are facing hard time as football secretary Saikat Ganguly resigns

east bengal fans idz5gkwqgaco1l3495k874wal Current situation of East Bengal and Emami Group's potential tie-up

Due to the delay in finalizing new investors, East Bengal can’t focus on signing the new players at the present moment. Though the club added some players through the free transfers in early June, currently this team-building progress has been halted. In fact, this delay is building some doubts over the club’s participation in the upcoming ISL season.

The Red and Gold Brigade fans are not happy with the current progress as they want a better performance from the team this season.

In the meantime, the East Bengal club’s situation seems weaker as the football secretary Saikat Ganguly has reportedly resigned from his role. The media reports suggest that Ganguly has taken this decision due to his differences with internal members. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Top 5 Highest Goal Scorers in ISL History: Legends of the Indian Super League

Top 5 Highest Goal Scorers in ISL History: Legends...

.The Indian Super League (ISL) has transformed into a thrilling football competition, continuously raising the bar in...
Top 5 players with the most goals for Indian national football team

Top 5 players with the most goals for the...

Football is still a sport that is on the rise in India, with it still finding its...
ISL 2024/25: Ahmed Jahouh’s Sudden Odisha FC Exit Raises Eyebrows

ISL 2024/25: Ahmed Jahouh’s Sudden Odisha FC Exit Raises...

In a dramatic development, Odisha FC's midfield maestro Ahmed Jahouh has parted ways with the club in...
ISL 2024/25: Which Teams Can Still Secure a Spot in the Playoffs?

ISL 2024/25: Which Teams Can Still Secure a Spot...

An in-depth look at the possible routes to the top-six playoff positions as the ISL 2024/25 season...
East Bengal Face Major Setback as Defender Hijazi Maher Ruled Out for the Season

ISL 2024/25: East Bengal Face Major Setback as Defender...

East Bengal have suffered a major setback as their key defender, Hijazi Maher, has been ruled out...

LATEST NEWS

Parineeti Chopra to Headline Netflix’s Gripping Mystery Thriller Following ‘Amar Singh Chamkila’

After her remarkable portrayal in Amar Singh Chamkila alongside Diljit Dosanjh, Parineeti Chopra is set to captivate audiences once again. This time, the acclaimed...

Like A Dragon Pirate Yakuza in Hawaii: Aloha, Yakuza Pirates! Ready to trade your sea legs for rubber-burning action?

Like A Dragon Pirate Yakuza in Hawaii! You're strolling through Honolulu, minding your own yakuza business, when suddenly you stumble upon a go-kart track that...

Sanam Teri Kasam Breaks Records as 2025 Highest-Grossing Re-Released Film

Some love stories never fade, and Sanam Teri Kasam is proof of that! Originally released on February 5, 2016, under Eros International, the film...

Lyne Originals Drops Game-Changing Tech: Meet the Powerbox 16 and Rover 25!

Hey there, tech enthusiasts and gadget gurus! Are you ready for a double dose of innovation that's about to revolutionize your daily grind? Because...

Featured