Bengaluru-based multinational company Quess Corp are all set to break their ties as investors with Kolkata football giants East Bengal.
Quess had entered into a contract with East Bengal last season as their investor who would primarily take charge of the football team. Quess reserved a seventy percent stake in the newly-formed entity named Quess East Bengal Football Club (QEBFC) Pvt. Ltd.
The company ran the football team last season by making a considerable amount of investments which saw them bringing in quality foreign players and coaching staff.
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But things changed drastically this season as Quess has now decided to move out of their deal with the century-old club due to financial losses.