KOLKATA: Mohun Bagan have received a massive financial boost following the signing of a ten-year partnership deal with Streamcast Group, a leading technology company.
The Kolkata giants have signed a ten-year deal worth Rs. 20 crores per year and Rs. 200 in total with Streamcast Group, who will raise another Rs. 150 crore in due course taking the total amount to Rs. 350 crore.
Mohun Bagan General Secretary Anjan Maitra announced in a press conference held at Mohun Bagan tent on Wednesday.
“We have been negotiating with them for the past few months. They are people who are supportive to football.” Mitra said.
Mitra further stated that 74% shares of the club will be handed over to the Streamcast Group with immediate effect once the both parties sign an agreement by September 9, 2018.
He has also informed that club’s name will remain unchanged and that they will also submit a bid for ISL once the bidding process opens in mid November.