The sponsorship deal signed on August 1, 2022, granted the right to associate with IOA (Indian Olympics Association) as an Official Principal Partner of the Asian Games (2022, 2026), Commonwealth Games (2022, 2026), 2024 Paris Olympics and 2028 Los Angeles Olympics. The agreement, besides other things, gave RIL the rights to construct and showcase the 슬롯사이트India House슬롯사이트 during these Games. Later, 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. Hindustan Times published the news of the CAG report for the IOA-RIL sponsorship contract. 슬롯 머신 사이트 추천PT Usha Lashes Out at IOA Executive Council, Says 슬롯사이트These Accusations Are Intended To Malign My Leadership슬롯사이트.

These new changes in the agreement raised many questions as the CAG report mentions that the consideration amount remained unchanged at ₹35 crore despite the addition of four more events. It also states that, adding the ₹6 crore per game the amount should have been revised to ₹59 crore, which was not done resulting in INR 24 Cr loss to the IOA. The CAG슬롯사이트s report has raised serious questions about the transparency and accountability of the IOA슬롯사이트s sponsorship agreements.

Moreover, there were questioning and allegations from the IOA슬롯사이트s internal committees as treasurer Sahdev Yadav raised concerns over the lack of consultation with the executive council and sponsorship committee during the amendment of the agreement. All eyes are on IOA President PT Usha now who is asked to respond to the half-margin issued by the CAG regarding the agreement.슬롯 머신 사이트 추천IOA President PT Usha Issues Show Cause Notice to Treasurer Sahdev Yadav Over 슬롯사이트Extended Tenure슬롯사이트 Violating Cap Set by Sports Code.

Ajay Kumar Narang, executive assistant to IOA president Usha, gave some explanation over the 슬롯사이트no change of amount슬롯사이트 and said the agreement had to be renegotiated because of a 슬롯사이트flaw슬롯사이트 in the tender. 슬롯사이트When the agreement was signed and naming rights were granted, it was in the name of sponsors -- Reliance India House. In 2022, the International Olympic Committee allowed sponsors name with the country house. But in 2023 the IOC changed the conditions to say that the sponsor cannot use a name and it will have to be a country-named House,슬롯사이트 said Narang.

 

(The above story first appeared on LatestLY on Oct 06, 2024 10:09 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).