Chaubey's proposal to liquidate AIFF FD faces opposition from members ...Middle East

Economy by : (Business Standard) -
A proposal by AIFF President Kalyan Chaubey to liquidate the fixed deposit of the federation to pay the deficit arising out of hosting high-profile international friendly matches recently was stalled by members during its Special General Body Meeting (SGBM) on Sunday, officials who attended the event said. Chaubey's attempt to withdraw the AIFF's fixed deposit to make up for the deficit after hosting matches against Brazil, Uruguay and Panama could be a U-turn from his earlier reported claims that the federation would not have to bear any financial burden of the three home friendlies, the officials who attended the meeting, said. "Yes, he (Chaubey) said he wants to liquidate the AIFF's fixed deposit to pay the deficit (arising out of the international friendlies)," a top official of a leading state association told PTI on conditions of anonymity. The state official attended the online meeting on Sunday. "Later, he (Chaubey) also said that he would arrange funds from outside sources

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