East Bengal club management on Friday decided not to sign the final agreement with investor Shree Cement Limited, further deepening the ongoing crisis over transferring of sporting rights.

The decision was taken at an emergency meeting where 24 executive members signed a statement that could jeopardise their participation in the top-tier Indian Super League (ISL).

“We will not sign the agreement where the members will lose their fundamental rights, where the club will be permanently handed over and we will lose the right over ground, logo, tent,” East Bengal general secretary Kalyan Majumdar said in a statement.

READ: ISL: Bengaluru FC signs Congolese striker Prince Ibara

The meeting was held amid protests by club supporters outside the tent where they shouted slogans and called for West Bengal Chief Minister Mamata Banerjee’s intervention.

Following the exit of former investor Quess…

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