It seems like, everybody is on the same page now as from different sources news is coming that East Bengal Club gave NOC to Emami for the new Joint Venture. However, there is no confirm date announced for signing the agreement. Sources informed that club is expecting to happen it within next couple of days.
Earlier, we saw, the partnership agreement between Indian footballing giants, East Bengal and potential investor Emami Group continues to undergo further delays despite the club management reiterating that the process of setting up the joint venture is under way.
East Bengal’s executive committee on Tuesday passed the resolution of issuing the no-objection certificate to the investor, which is understood to be a prerequisite for club licensing criteria.
Last month, an Emami Group spokesperson firmly put the blame on East Bengal for the delay in signing the agreement as the team building was reportedly stopped midway after a handful of announcement.
