Shree Cement Hopeful of Finalizing East Bengal Deal
Shree Cement is hopeful that the impasse over the signing of the final agreement with East Bengal would end shortly now that Mamata Banerjee, who played a leading role in the club’s entry into the Indian Super League (ISL) last September, has returned to power.
The investor is bullish that Mamata will intervene and help end the dispute amicably. East Bengal and Shree Cement are at loggerheads over the signing of the final agreement with both sides refusing to budge from their respective stands. That has hampered the team-building process and at a time when other clubs are signing players, everything is in a state of limbo in the red-and-gold camp.
Last season, Shree Cement had invested around Rs 60 crore towards participation fee and team-building for the ISL. SC East Bengal finished ninth in the 11-team league, just ahead of bottom-placed clubs Odisha FC and Kerala Blasters. SC East Bengal, coached by Robbie Fowler, also lost both the Derbies to arch-rivals ATK Mohun Bagan and conceded an embarrassing 33 goals in the campaign, including six against Odisha FC.