East Bengal crisis: 'A ray of hope emerges' but no solution till now

The ongoing tug of war between East Bengal club officials and Shree Cement continued past Friday evening. Although, even after there was a ray of hope for a solution. This development comes after sources close to the club confirmed that there will be two meetings held on Friday at the club.

First, a meeting of contract mediators with club officials was held. Which was supposed to be followed by a meet of the working committee of the club in the evening. However, the executive committee meeting was called off because there was no headway in the previous conference.

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What East Bengal club said in their press release on Friday :

The same view was echoed by Srenik Sett, advisor of Shree Cement, who is also a Life Member of East Bengal. "Something positive will come out and supporters want to see East Bengal play football. They are not interested in all these matters. So yes a piece of positive news seems on the horizon," he told this on Friday afternoon. But after Friday's meet, the main bone of contention has become the rights over the club tent.

"They are asking for irrevocable and perpetual transfer of all rights including members rights, maidan tent premises". Premises of the EB Club known as the Tent (East Bengal Ground), located at the Maidan in the city of Kolkata. We can not allow this because there is an ownership issue with the tent. Investors need to understand this. Even if this means EB won't play football for a couple of years in ISL then so be it. But how can we do something which will land us in trouble in the future," said a top club official on conditions of anonymity.

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The ongoing tussle has also put the club's participation in the Indian Super League in doubt as EB club executive members refused to sign the final agreement with Shree Cement, claiming discrepancy in the initial term sheet.The initial document was signed by both parties in the presence of Banerjee in September 2020, that paved the way for a dramatic entry of East Bengal into ISL.