The impasse between East Bengal and its investor ended on Wednesday, bringing relief to fans.

The club has formally transferred all rights to its investor, it was learnt, and now things should be smooth for the new company — Shree Cement East Bengal Foundation.

The company is a joint venture between the club and its investor Shree Cement Limited (SCL) and has been formed so that the entity can function properly.

According to a source, the club sent all relevant documents to the investor on Wednesday evening.

The club had decided to transfer its sporting rights, all assets and properties — including intellectual property — to the new company, after the extraordinary general body meeting of the club on September 29.

But some club members had raised questions about some clauses and amendments, which were present in the term-sheet.

That led to the delay in transfer of rights.

The investor would like to announce the name of the coach very soon.

It was learnt that former Liverpool striker Robbie Fowler is a front-runner.

The coach will select foreign players immediately after his appointment.