KOLKATA: Under the aegis of East Bengal Football Club Private Limited, Kolkata giants East Bengal FC on Tuesday submitted their bid document seeking entry into the Hero Indian Super League from the upcoming season.
While the onine submission was made Monday, the physical copy is set to reach the ISL authorities by Tuesday.
Football Sports Development Ltd (FSDL), organisers of the ISL, last week had invited bids in respect of six cities - New Delhi, Ludhiana, Ahmedabad, Kolkata, Siliguri and Bhopal.
With Shree Cement taking the reins at the storied club after acquiring a 76% majority stake in the joint venture with the century-old footballing institution, club officials are confident of entering the top tier of Indian football, with the ISL authorities set to evaluate the bid document and take a call within a week.
For the purposes of managing operations at the club, East Bengal's new investors registered a company named Shree Cement Foundation with the Ministry of Corporate Affairs on Saturday, which has Sanjay Mehta as full-time director and Prakash Narayan Chhangani as its president (commercial).
The East Bengal board will eventually consist of eight directors from Shree Cement Limited and two directors from East Bengal.
With an annual turnover of over Rs 120 billion, the Kolkata-headquartered Shree Cement is owned by chairman Benu Gopal Bangur and son Hari Mohan Bangur, who is the managing director of the company.