Manchester United News: In a recent turn of events, it has emerged that Premier League heavyweights Manchester United are in talks for a potential ownership deal with giants East Bengal, one of the oldest clubs in Indian Football history.
The Kolkata-based football giants have been struggling financially in recent times. It all started when their Kingfisher withdrew its sponsorship deals from the club in 2018. Then the century-old club fell off with Quess Corp which further jeopardized their entry into the Indian Super League. The Bengaluru-based investors didn’t even fulfill their three-year agreement, exiting after just two years.
West Bengal chief minister Mamata Banerjee then came to the aid of the club with a pact with Shree Cement Ltd. The cement conglomerate has a majority stake of 76 percent at the club.
Even East Bengal’s substandard performance in the latest edition of the Hero ISL calls for immediate restructuring of the club. They finished rock bottom at the points table, winning just one game in a 20 games-season.
Manchester United interested in East Bengal Club, confirms BCCI President
This could be one of the most game-changing moves in Indian Football. BCCI President Sourav Ganguly said in an interview that Red Devils’ are interested in taking over ownership of the prestigious Indian Football club.
Ganguly, who is felicitating the deal, commented that negotiations are already on the table with Manchester United. He also confirmed that there are few others in the race as well.
“Yes we have spoken to them and others also. It will take 10-12 more days to know who will be the entity,” said the former Indian Cricket Team captain, as reported by The Mirror.
He further commented United owners would only be interested to take over as the owners. They won’t entertain the role of an investor: “No no, as an owner.”
The Glazer family’s plan to enter the Indian market
Apparently, this is not the first time that the Glazer family has tried their hand at entering the Indian sports market. They were very interested in buying one of the two new franchises of the Indian Premier League last year but were unsuccessful.
United had previously been in touch with the Indian club. They even agreed on playing friendly match against East Bengal in Kolkata back in 2020. However, the match had to be canceled due to the unprecedented coronavirus outbreak. The talks have restarted but this time for ownership.