If discussions go well, the Red Devils would take over the club as new owners said the BCCI president.
In a sudden turn of events, East Bengal are allegedly close to sealing the deal with Premier League giants Manchester United for a potential takeover. The Red Devils are said to have shown an interest in becoming the potential owners of the century-old club.
After a few disappointing years both on and off the pitch, this could very well be a fortune-changing move for the Red and Golds. East Bengal were also in talks with Bangladesh’s Bashundra Group, but nothing really panned out.
Former Indian skipper and BCCI President Sourav Ganguly is said to have led negotiations between the clubs. Ganguly said it will take around 10-12 days for the deal to reach its conclusion.
“It will take 10-12 more days to know who will be the entity,” said Ganguly. He further revealed that if Manchester United comes on board, it will be as owners and not investors.
“No-no (they are coming) as an owner.” Ganguly however refused to delve further into it.
East Bengal in recent times
East Bengal had a tough time with its former investors Quess Corp in 2020. Quess corp brought an end to a two-year association despite a three-year agreement and put a question mark on their aspirations of playing in the ISL.
However, the Kolkata-based side made a last-minute landmark move to the Indian top flight following their arch-rivals Mohun Bagan’s move to the league in 2020. They brought on board Shree Cements as investors for their debut ISL season and appointed Liverpool icon Robbie Fowler as the head coach.
But ever since their move to the ISL they’ve failed big time to live up to everyone’s expectations. They finished ninth on the table and managed to gather just a total of 17 points for 20 games in their debut season. Moreover, they haven’t won the Kolkata derby ever since moving to the high-profile league.
The following season things became bad to worse. Shree Cements were hesitant to participate in the ISL following a disastrous performance in the season gone by. But courtesy of West Bengal’s Cheif Minister Mamta Banerjee, Shree Cements agreed to participate in the league.
But after a season to forget where East Bengal finished last on the league standings, the cement conglomerate brought an end to their association and handed over the Sporting Rights to the club.