KOLKATA: The executive committee of East Bengal Club has officially announced the transfer of sporting rights of the club to Shree Cement East Bengal Foundation.
The club has also transferred all its assets and properties including their intellectual property to the new company, Goal.com reports.
The announcement was made at the Extraordinary General Meeting convened on Tuesday. Shree Cement East Bengal Foundation Limited is the newly formed joint venture between the club and their investors Shree Cement Limited.