East Bengal on Tuesday responded to a letter from investors Shree Cement, saying they were willing to sign the “definitive document” provided their pending issues were resolved.

The investors had sent an email to the club on May 12, seeking their stand on signing the final agreement.

In their response, the club stated: “We are in the process of issuing a document to clarify the points which are inconsistent/incorrect as per term-sheet.”

The club hoped that the investors would do the needful to continue ISL participation.

Club president Pranab Dasgupta sent a “personal letter” to Shree Cement managing director Hari Mohan Bangur and said: “I am ready and willing to meet you personally to discuss and do the needful. Please advice (sic) a date and time convenient to you.”

A Shree Cement official confirmed receiving the letter but added that without a final agreement, there would be “no further investment”.

Asked about the letters, senior official of the club Debabrata Sarkar said: “I am quite sure we will have a very good football team this season because the investors have not communicated that they are not making the team. I have full faith in Mr Bangur.”

Investors Shree Cement are firm on their stand. “Yes, we received the letter from the club. But we made our point very clear – we will not take any step forward unless the final agreement is signed. Unless the final agreement is signed no further investment would be done. We will make our stand clear to the ISL authorities soon,” a Shree Cement official said.