The All India Football Federation (AIFF) and the Indian Football Association (IFA) have confirmed that they will not intervene in the ongoing dispute between East Bengal’s executive committee and its investor Shree Cement.
Hundreds of East Bengal fans marched through Kolkata’s streets on Wednesday in protest of the club’s Executive Committee’s refusal to sign the final agreement with Shree Cement.
“Yes, I heard there was some violence today. It is most emphatically not good. There is no possibility of AIFF or IFA becoming involved. Between an investor and the club, an agreement is signed. Nobody has a locus standi to enter,” Das told ANI.
He also confirmed that the Indian Super League’s eighth season will begin on November 19 in Goa. He added that the situation appears to be bleak for East Bengal if the club does not resolve the issue expeditiously.
“Yes, there is no alternative; we must play the ISL in a similar environment to last year’s in Goa. The tournament is scheduled to begin on November 19. East Bengal, on the other hand, will have to assemble a team before the transfer window closes on August 1. Without resolving this, it will be difficult for them to form a team,” he stated.
With the SC East Bengal club officials and main sponsor Shree Cement at odds over the contract’s non-signing, the club’s future in the ISL is in doubt.
According to sources close to the investors, they would like to see the final agreement signed before proceeding.
“Shree Cement’s position has been crystal clear from the start. They want the definitive final agreement to be signed in the manner specified in the term sheet. They are here to assist East Bengal in any way possible and are aware of the club’s values.
“They spent approximately Rs 54 crore in the inaugural season and are prepared to go to any length to assist the club this season and beyond. However, the source added, “the signing of the final agreement must be the first step in that direction.”
The management of the East Bengal club decided on Friday not to sign the final agreement with investor Shree Cement Limited. The decision was made during an emergency meeting at which all 24 executive committee members signed a statement expressing the same sentiment.
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