General body members halted the proposal to liquidate the reserve because dipping into the fund is restricted strictly to emergencies and violates a previous executive committee resolution. The cash crunch was triggered when ticket sales fell drastically short of the anticipated Rs 30 crore to Rs 40 crore target, despite Brazil fielding a full-strength squad featuring Vinicius Jr. To mitigate the crisis, a core committee led by vice-president NA Haris is reviewing the federation's financial obligations before the executive committee makes further moves.
Key points
General body members successfully blocked access to the Rs 20 crore fixed deposit by citi…: General body members successfully blocked access to the Rs 20 crore fixed deposit by citing emergency-only reserve regulations.
Poor ticket sales for the Kolkata friendlies have forced the federation to officially req…: Poor ticket sales for the Kolkata friendlies have forced the federation to officially request a deadline extension to settle foreign team debts.
A dedicated core group headed by NA Haris has been tasked with examining the financial de…: A dedicated core group headed by NA Haris has been tasked with examining the financial details before future federation actions are finalized.
Sources checked by our analysis pipeline: 1
Panaji: The All India Football Federation’s proposal to break its fixed deposit of Rs 20 crore to pay Brazil and Uruguay for last month’s international friendlies was stalled by general body members, who said such a move could be allowed only in an emergency.
The AIFF invited five-time world champions Brazil and former Word Cup and Olympics winners Uruguay for two high-profile international friendlies against India in Kolkata last month. World Cuppers Panama also played a friendly in Bengaluru. But while Panama have been paid in full, sources said Brazil and Uruguay have received only 50% of their appearance fees.
According to sources, AIFF has now sought an extension of deadline to clear pending payments to Brazil (approx. Rs 19 crore) and Uruguay (approx. Rs 4.7 crore) for the friendlies.
“The AIFF president (Kalyan Chaubey) requested members to approve withdrawing money from the fixed deposit (before maturity) and said he would later get the money back into the account,” a senior official told TOI on Monday. “Members objected with (vice-president) NA Haris reminding everyone that the executive committee had previously…
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