Shree Cements confirms investment in East Bengal, Mamata basks in red-and-glow afterglow

East Bengal announced that Shree Cement would be its new investor, allowing it to participate in ISL this season. Fans of East Bengal will also point out that Benu Gopal Banga, the owner of Shree Cement is six times richer than Sanjeev Goenka.

The stock price of Shree Cements went up in both the BSE and NSE after the news.

Confirming that she was involved in the process, Mamata Banerjee said she was very happy that Shree Cement would be investing in the club.

She said that Bengal would show the way with football joining hands with big companies and added that she was hopeful Shree Cement would invest in industries in Bengal.

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She added: “In today’s day no one is ready to spend in this pand emic in this situation they coming forward and helping that is great. We are present because we will be happy when all are happy. Mohun Bagan has been taken up by Sanjeev Goneka (of RPS Group). We love all clubs."

She added: “Football is played by all in villages to city. Today EB club celebrating 100 years . In the middle there was an uncertainty. They were being deprived. Mohan Bagan has signed contracts .We want that Bengal should be proud not only of culture but in sports also. Bengal shows the way to the nation.”

Meanwhile, Kalyan Majumdar, Secretary of East Bengal said: “On behalf of the club and fans we are grateful to the CM for the steps taken so that we can play in the ISL League . We pray for her healthy and long life and that for coming years and continues to guide us.”

East Bengal, a club set up by refugees from Bangladesh, has a massive fan following and it’s surely going to be a vote-catcher for Mamata Banerjee with an eye on 2021.

65% of the company’s share is owned by Bangur family and Benu Gopal Bangur is 14^th richest man in India. The company was incorporated in 1979 is headquartered in Kolkata with roots in Rajasthan.

The organisation had an annual turnover of Rs 12175.62 crore in the Financial Year 2019-20.

The East Bengal vs Mohun Bagan rivalry is Indian football’s most fierce and is known as the Kolkata Derby or simply ‘Boro Match’.