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BCCI may want their money back after IOA suspension

BCCI may want their money back after IOA suspension

BCCI had earlier contributed Rupeess fifty crore it has contributed to the National Sports Development Fund for development of medal prospects © Getty Images

New Delhi: Dec 4, 2012

After the suspension of Indian Olympic Association (IOA) by the International Olympic Council (IOC), the Board of Control for Cricket in India might just ask the sports ministry to return the Rs 50 crore it has contributed to the National Sports Development Fund for development of medal prospects.

“We are keenly following the developments (IOA suspension) and the matter might come up for discussion. The BCCI brass is very disappointed that the money that was contributed in the Rs 80 crore BEST fund ( BCCI-NSDF Elite Sports Talent fund) hasn’t been spent properly,” a BCCI insider preferring anonymity told PTI on Tuesday.

“The BCCI had filed an RTI and we found out that only a nominal percentage of the BEST fund has been spent. Also we gave the money for benefit of medal prospects and we saw that money was spent on renovation of academies. Now with IOA’s suspension, we need to take a call on whether we will ask for the money back from the ministry,” the official said.

Rupees six crore was spent on construction of a stadium Jammu & Kashmir and Rs Four crore for upgradation of PT Usha’s academy.

In fact the BCCI officials are now having a laugh at the IOA and sports ministry who will now be desperate to set their house in order.

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