The uncertainty over the tie-up between East Bengal club and its new investor Emami Group is likely to be cleared soon.
Sources informed that both parties are “in the right direction” to finalize the deal and get down to business of working together for a long-term association.
“We are entering into a long-term contract. It’s always better that both sides clarify all points now rather than debating over them later every now and then. The progress of reaching to a mutually acceptable agreement is in the right direction,” Emami Group said in a statement on Tuesday.
The investor’s statement came after a shot of activity from both ends in the past few days. On receiving the draft of the agreement from the investor, the club had it evaluated with its legal cell before sending it back to Emami Group with “some suggestions”. With the investor willing to keep an open mind, it has been learnt that possibility of the joint venture has gathered steam.
On May 26, chief minister Mamata Banerjee announced Emami Group as the new investor for East Bengal club.
Senior club official Debabrata Sarkar also hopes that the situation is rife for the agreement to have a definite shape.
