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ISL: NRI industrialist wants to buy 51% shares in East Bengal

ISL: NRI industrialist wants to buy 51% shares in East Bengal
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By

The Bridge Desk

Published: 18 July 2020 9:07 AM GMT

Finally there seems to be some light at the end of the tunnel for East Bengal fans. As per reports in Bengali daily Pratidin, Jakarta-based NRI industrialist Prasoon Mukherjee is set to buy 51% shares in East Bengal in a bid to help them enter the Indian Super League (ISL) as soon as possible.

Mukherjee, who is the chairman of Universal Success Enterprises Ltd. (USEL), had previously helped the Red and Golds during their famous 2002 ASEAN Cup campaign by letting the team stay in his hotel and providing almost everything else they needed.

“The legal aspects are still in process. My lawyers are looking into it, once everything is sorted, I’ll be buying major shares in East Bengal,” Mukherjee was quoted saying by the newspaper.

“Back when the team came to Jakarta and won the ASEAN Cup, I became involved. A team from Bengal coming all the way here and winning a trophy, as an NRI it was a moment of immense pride for me. So when Nitu da (Debabrata Sarkar) offered me a chance to invest in the club, I didn’t have to think twice,” he added.

East Bengal get back 'sporting rights'

Meanwhile, East Bengal have got back their sporting rights — which will allow them to fulfill Asian Football Confederation’s (AFC) club licensing criteria — from previous investors Quess corp on Friday evening

https://twitter.com/whynotkundu/status/1284121589680705536

"We have got the sporting rights. The termination is over now and we have got it today,” East Bengal’s top official Debabrata Sarkar told PTI.

"We are pleased to inform that the JV agreement closure has taken place between Quess Corp and EBC on mutually agreed terms," company chairman and managing director Ajit Isaac said in the statement.

"The formalities pertaining to termination of the JV agreement between Quess, QEBFC and EBC was concluded on 17 July 2020. Consequent to this the sporting rights have been returned to the Club and the shares held by the Club in QEBFC have been returned to Quess" he added.

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