CAG report highlights ₹24 crore loss to IOA due to faulty agreement with RIL
New Delhi: The Indian Olympic Association (IOA) has incurred a loss of ₹24 crore due to a flawed sponsorship agreement with Reliance India Limited (RIL), according to a report by the Comptroller and Auditor General of India (CAG). The CAG audit points to undue favor granted to RIL through the sponsorship deal.
The agreement, initially signed on August 1, 2022, granted RIL the status of Official Principal Partner for the 2022 and 2026 Asian Games, 2022 and 2026 Commonwealth Games, 2024 Paris Olympics, and 2028 Los Angeles Olympics. Subsequently, the agreement was amended on December 5, 2023, to include additional rights for the 2026 and 2030 Winter Olympic Games, as well as the 2026 and 2030 Youth Olympic Games, without a corresponding increase in the consideration amount.
According to the CAG report, despite the addition of four more events, the consideration amount remained unchanged at ₹35 crore. The report stated that the consideration should have been revised to ₹59 crore, calculated at ₹6 crore per game. As a result, the IOA suffered a loss of ₹24 crore.
IOA President PT Usha has been asked to respond to the half-margin issued by the CAG regarding the agreement. Ajay Kumar Narang, executive assistant to PT Usha, stated that the agreement had to be renegotiated due to a flaw in the original tender, which did not account for changes made by the International Olympic Committee (IOC) regarding the naming rights of sponsor houses.
IOA treasurer Sahdev Yadav has raised concerns over the lack of consultation with the executive council and sponsorship committee during the amendment of the agreement, questioning who authorized the changes that benefitted RIL.
The report has called for an explanation from the IOA on why the amount was not enhanced as required, stating that the association failed to safeguard its own interests.
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Mohsin's fifer helps LSG restrict KKR to 155/7 despite Rinku's 83
Lucknow (PTI): Lucknow Super Giants pacer Mohsin Khan added another sordid chapter to Kolkata Knight Riders' batting woes, taking five wickets to restrict the three-time champions to a modest 155 for seven in their IPL match here on Sunday.
Mohsin’s 5 for 23, a personal best for the left-arm pacer in this format, tore apart an already struggling KKR batting unit, as he snaffled the cream wickets of Ajinkya Rahane, Tim Seifert, Cameron Green, Rovman Powell and Anukul Roy.
Rinku Singh (83 not out, 51 balls) made a well-paced fifty and punished Mohammed Shami in the 19th over for 6, 4, 4 and the smoked four sixes in a row against spinner Digvesh Rathi as KKR made 43 runs in the last two overs to go past the 150-run mark.
But his fifty remained a lone act, as Mohsin firmly stood in the limelight.
His bowling ethos were rooted in simple tactics — bang the ball into the black soil pitch to gain bounce or use cutters at various pace to keep the batters guessing.
Mohsin, who started the night with a wicket maiden, showed his variety across two dismissals.
He followed Rahane with a fuller ball as the batter tried to go over the covers, but the ball’s trajectory forced the KKR skipper to just slice the ball up for a simple catch for Aiden Markram.
The 27-year-old stayed calm when Green, who looked comfortable out there while smashing George Linde for two successive sixes, slammed him for a huge maximum.
Two balls later, Mohsin dug one short, challenging Green (34) to go for the pull and the Australian all-rounder took the bait.
The into-the-body angle worked again as Green could only sky the ball to wicketkeeper Rishabh Pant.
Green’s ouster also ended a fifth wicket alliance worth 42 with Rinku Singh.
Bizarre dismissal of Raghuvanshi
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If the existing turmoil was not enough, KKR had to bear the dejection of seeing Angkrish Raghuvanshi getting dismissed obstructing the field.
On the final ball of the fifth over from Prince Yadav, Raghuvanshi nudged one towards mid-on and set off for a single, only to be rejected by Green.
Raghuvanshi put in a dive to save himself but he came in the line of the throw from Shami.
Subsequently, third umpire Rohit Pandit accepted LSG’s appeal and decided that the batter’s turning radius was more than required, eventually resulting in the batter’s dismissal in a rare manner.
