Manchester United may end up taking ownership of one of the country’s oldest football clubs, in what could be a game-changing move for the struggling East Bengal.in what could be a game-changing move for the struggling East Bengal. Negotiations with the ‘Red Devils’ and a few others are underway, according to BCCI president and former India captain Sourav Ganguly, who is facilitating the deal. A clear picture will emerge in about two weeks. East Bengal also held talks with the Bangladesh-based conglomerate Bashundhara Group, but no agreement was reached.
“Yes, we have spoken to them and others as well,” Ganguly said on Tuesday, breaking his silence on the issue for the first time. It will take another 10-12 days to figure out who the entity is.
“No, no as an owner,” the Indian cricket legend said when asked if the European football giants would come as investors. Ganguly, on the other hand, refused to look into it any further. “It takes a while. Allow it to reach a certain point before making a comment. Only after a concrete development will I speak “According to Ganguly.
The century-old Kolkata giants have struggled to keep their ties with investors intact in recent times due to off-field issues, which has reflected in poor results.
The first was Quess Corp of Bengaluru, which left after two years despite a three-year agreement, jeopardizing their ISL entry. When they couldn’t find an investor, West Bengal Chief Minister Mamata Banerjee stepped in with a deal with Shree Cement Ltd as they entered the ISL 2020-21 at the last minute.
The cement conglomerate purchased a 76 percent stake in the team to help them enter the ISL and follow in the footsteps of their bitter rivals Mohun Bagan, who merged with ATK the same season.
East Bengal’s association, on the other hand, did not go well, as the executive committee refused to sign the final agreement, citing discrepancies in the initial term.
SC East Bengal signed Liverpool legend Robbie Fowler, but they finished ninth in their first ISL season with nine losses, eight draws, and only three wins due to poor planning and preparation.
Shree Cement agreed to continue in the last ISL season at Mamata Banerjee’s request, and they finished bottom of the table with just one win from 20 matches, including 11 losses and eight draws. Their partnership came to an end last month when Shree Cement Ltd relinquished the sporting rights.