KOLKATA: Cash strapped Kolkata football giants Mohun Bagan, which was a private limited company till now, is likely to be converted to a public limited company in the near future, club president Swapan Sadhan Bose told media persons here Friday.
In a related development, Debashish Dutta and Srinjoy Bose, who earlier resigned from their posts, have withdrawn their resignations due to various reasons, sportskeeda reports.
As per a proposal by secretary Anjan Mitra, it was decided that the club will be transformed to a public limited company, but the process will be started only after looking into the legal matters of it. “We have decided to change the club to a public limited one; we have to take a legal opinion about the matter as advised by Anjan, Debashish (Dutta) and Tumpai (Srinjoy Bose),” sportskeeda quotes Bose as having said at the press conference.
Not only that, he vested the power of the matter in the hands of the new committee which will start operating in a next few days. Regarding the matter, he said, “I have advised the committee that the new committee should be given the responsibility to legally change the status of the club to public limited.”
The Kolkata giants is in a financial crisis and many players were not paid their dues at the end of the season. Denied of support from the top management and the inability to pay the salaries compelled as many as 19 members to resign from the executive committee, but things were solved on the assurance of Bose, who pledged Rs 10 million of his personal money to clear the players’ dues.
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