East Bengal football club has found a new investor and it has opened up the possibility of the team to be able to contest in the Indian Super League (ISL) 2020-21. The football club has been on the lookout for an investor and cement manufacturer Shree Cements has come up as an investor.
At a meeting in Nabanna, the state administrative headquarters, the announcement was made by East Bengal football club authorities in presence of West Bengal chief minister Mamata Banerjee. Her role in bringing in the new investor was lauded by top officials and the investors. There were doubts about East Bengal’s entry into the ISL after it was indicated by the Football Sports Development Limited (FDCL) that only 10 teams would be featured and East Bengal wasn’t among them.
Debabrata Sarkar, East Bengal official said that the initiative was taken by Banerjee for the welfare of football in the state. Banerjee said she wants all the major teams from West Bengal should be able to participate in the ISL.
Shree Cements is one of the biggest cement makers in India, founded in Rajasthan but is currently headquartered in Kolkata. Some formalities regarding the entry into the ISL are awaited though.