East Bengal asked to clarify ownership structure to AIFF post Quess separation
XtraTime Web Desk: The All India Football Federation (AIFF) has sought a clarification from Kolkata giant East Bengal about the club's ownership structure following it's separation from Quess Corp.
The club's Bengaluru-based investors came on board in July 2018 after which the Kolkata based club came to be known as Quess East Bengal FC Pvt Ltd. Quess Corp acquired a majority stake of 70 per cent.
Now it remains to be seen whether Quess East Bengal FC would be diluted and the footballing rights be transferred back to East Bengal or the company will hold on to their shares in the hope of recovering losses.
But for acquiring the AFC Club licensing for the 2020-21 season, East Bengal has to submit a valid declaration to the AIFF, outlining the ownership.
“The letter has been sent to the (Quess) chairman. We are following it up. Our respective solicitor firms are looking into it,” a club official said.
East Bengal has had a sour relationship with Quess since the company came on board.
03 Comments
Karla Gleichauf
12 May 2017 at 05:28 pm
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment
M Shyamalan
12 May 2017 at 05:28 pm
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment
Liz Montano
12 May 2017 at 05:28 pm
On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment