East Bengal officials met the representatives of UB group on Tuesday in order to discuss the team budget for the upcoming 2018/19 season. Sources close to Goal confirm that the officials had asked for the sponsorship amount to be increased by a further 2.5 crores INR.
Surprisingly, the UB representatives told the club that they would instead slash the amount to a mere 1.5 crores INR.
The Red and Golds’ team budget was reduced considerably last season.
UB group’s decision to slash the team budget comes as a great shock for the club who were planning to build a competitive squad this season.
As an alternative now, the club may consult other business houses for sponsorship and try to work their way around this sticky situation.
