East Bengal confirms submission of bid for ISL berth

Kolkata giants East Bengal have submitted the bid documents to the Football Sports Development Limited to acquire the rights to play in the Indian Super League, the country’s top tier professional football competition.

The All India Football Federation and the FDSL, the organising arm for the ISL, had floated bid documents to add the eleventh team to the ISL from the upcoming 2020-21 season.

The decision was foreseen as the window of opportunity for the historic club from Kolkata, which had roped in a major investment to acquire the participation rights for the ISL.

The East Bengal management had taken Twitter to announce the submission of the bid documents. “We are extremely happy to announce that the consortium of Shree Cements Limited and East Bengal Club has pledged the bid to participate in this year’s ISL,” read the creative on the club’s official Twitter handle @eastbengalfc.

Celebrating its centenary year, East Bengal has had earlier this month announced an investment by the Shree Cement. This Bangur Group brand is believed to have acquired up to 75%-80% stake in the century-old football club.

The investment was primarily aimed at acquiring the rights to play in the ISL.

Also Read: East Bengal’s ISL hopes get a boost as investor comes on board

Admin Sportz Front

Read Previous

Momentum terminates sponsorship deal amidst rising crisis in CSA

Read Next

Samir Kochhar named Khelo Fantasy Live brand ambassador

%d bloggers like this: