New Delhi: The All India Football Federation (AIFF) is facing an acute financial crisis due to non-payment of dues to the tune of Rs 25 crore by its commercial partner IMG-Reliance. The federation's commercial partner has not cleared the dues for the last two quarters, because of which it is yet to give away a cash award of Rs one crore to I-League winners Chennai City, beside failure to pay the referees and clear travelling costs.
Reliance Sports CEO Sundar Raman, also a member of one of AIFF's committees, could not be reached for his take on the issue despite repeated attempts. As per the agreement signed in 2010 between AIFF and IMG-Reliance, the federation is entitled to get an annual payment of Rs 50 crore from its commercial partner. "The federation has not been able to pay I-League clubs to the tune of Rs 2.5 crore prize money. The outstanding amount is Rs four crore in total, including travelling costs and subsidies," a well-placed AIFF source told PTI.
