East Bengal govt committee refuse to signal ultimate settlement, threaten mass resignation
2 min read SC East Bengal’s influential govt committee led by Debabrata Sarkar alias Nitu, on Tuesday, threatened to tender enmasse resignation in the event that they had been coerced into signing the ultimate settlement with their buyers Shree Cements placing their ISL future in a limbo.
This was determined at a gathering of all of the members of East Bengal’s govt committee the place they made a “detailed point-wise discussion” on variations between the time period sheet and the ultimate definitive doc (binding settlement).
“The EC has unanimously decided not to sign the definitive document in its current form. They have also decided that they’re ready to tender enmasse resignation if they are forced to sign the definitive document in its current form,” East Bengal’s soccer secretary Saikat Ganguly mentioned.
“Our secretary (Kalyan Majumdar) additionally has agreed with the choice and has conveyed this to the president (Dr Pranab Dasgupta), who has knowledgeable the EC that no one has to signal something in the mean time.
“He is monitoring the issue in his capacity and he’s doing his best for a negotiation. But at the same time he fully honours the general sentiment of the EC,” he added.
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This comes per week after the membership administration and the president had despatched letters to their investor for an “acceptable resolution” however Shree Cement shouldn’t be prepared for any dialogue until they signal the ultimate settlement as per the “term sheet”.
The buyers on their half have maintained that there aren’t any such discrepancies between the 2 paperwork however East Bengal membership claims in any other case.
Following the exit of former investor Quess Corp final yr, East Bengal made a final minute foray into the ISL after SCL got here on board by the intervention of state Chief Minister Mamata Banerjee.
Having acquired a stake of 76 per cent, the cement giants signed a time period sheet with the membership in September final yr because the red-and-gold’s sporting rights as nicely all its belongings and properties (together with mental) had been reportedly transferred to the newly shaped consortium.
But a ultimate binding settlement of the deal is but to be signed by the membership administration, resulting in the logjam because the Bangur-led consortium is unwilling to construct the squad until the settlement is signed by the membership administration.