East Bengal FC gets a new investor

The most iconic football club, East Bengal FC have finally got a new investor on board, ending the long cherished dream of the club to participate in the Indian Super League (ISL). The club’s new investor, Shree Cement is ready to acquire a majority stake of 76% in the club.

The new partnership comes into picture after the club’s separation with the previous investor – Quess Corp. With this new venture, the club has fair chances of making debut in ISL 2020.

However, SportsMint has learnt from its reliable sources that the chances of East Bengal playing this ISL season is very minimalistic, but the club is very keen on entering the biggest league in the country and make an impact.

Bangur controlled Shree cement, which is headquartered in Kolkata, is amongst the country’s largest cement makers with an annual turnover of Rs.12,000 in FY’20. It is also learnt that West Bengal chief minister, Ms. Mamta Banerjee has played a very important role in helping the club with the new investor.

West Bengal is considered to be the heart-land of Football, especially with the two most ancient and iconic clubs – Mohun Bagan and East Bengal FC hailing from the state.

With ATK Mohun Bagan all set to make debut in ISL 2020, it would be interesting to see both East Bengal and ATK Mohun Bagan in the top league, providing the much-needed excitement to it.

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