IOA Loses Olympic Solidarity Grants Amid Internal Disputes
The Indian Olympic Association (IOA) is facing a financial crisis after the International Olympic Committee (IOC) suspended its Olympic Solidarity grants due to ongoing internal disputes and governance issues. The IOC’s decision was communicated to the IOA in a letter on October 8, citing “reciprocal allegations” within the Executive Council.
Olympic Solidarity provides funding to National Olympic Committees (NOCs) for athlete development programs. The suspension of these grants will significantly impact the IOA’s ability to support Indian athletes, threatening their preparation for upcoming international competitions.
The IOA has blamed its treasurer, Sahdev Yadav, for the IOC’s decision, accusing him of failing to file the necessary annual financial reports. Yadav has denied these allegations, claiming that the president, PT Usha, has compromised the IOA’s assets by unilaterally agreeing to an amended sponsorship agreement with Reliance India Limited (RIL).
The ongoing feud between Usha and 12 Executive Council members over the appointment of Raghuram Iyer as CEO has further hindered the IOA’s ability to function effectively. A Special General Body meeting has been summoned on October 25 to address these issues.
The IOC has urged all concerned parties to resolve the governance issues in accordance with the IOA Constitution and the Olympic Charter. However, the ongoing internal disputes and allegations have raised concerns about the IOA’s ability to effectively manage its affairs and support Indian athletes.
