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BCCI Chief Administrative Officer (CAO) Prof Ratnakar Shetty said the Cricket Board and the Sport Ministry are in talks and the modalities are being worked to ensure effective disbursement of funds and proper accountability.
"We will be forming a committee to ensure effective disbursement of funds to the federations for the player development and also regarding accountability so that the money is not misused," Shetty said.
However, he added at present the board would not come to the aid of team sports such as hockey or football which are in need of funding but were concentrating only on individual sports at present.
"The board is very clear about its stand and are keen on the player development for only individual sports."
The board has tied-up with the Sports Ministry to sponsor the development of sports persons in the areas of archery, boxing, judo, swimming and weightlifting.
The board and the ministry has also set aside Rs 25 crore for each of these sports for identifying talents and medal hopefuls for the Commonwealth Games to be held in New Delhi in 2010 and also for the next Olympics 2012 in London.
Shetty said the number of committee members has not decided but it will contribute in identifying and selecting potential medal prospects.
It is just excellent move by BCCI, People who criticize cricket and cricket Board will have to answer now, I hope in future Bcci will invest in different sports intuition in India .and also take forward move tolift sports India , No one in India Got experience in sports management as much as BCCI .bravo !!!
First I should admit it is a Good start in right direction. But the country where i live (USA) a regular rich family sponsors 3 - 5 people for Olympic Games. An organization like BCCI, which is the richest cricket governing body in the world, can only support 5 persons for Olympics? My point is BCCI can do better than this. BCCI has right resources, money and man power, to oversee that money is not misused. Eliminate the peons (servants to move files ad bring tea and coffee) so money is saved and officials get healthy at the same time.BCCI is at a stage right now, if they don't put their money to a good cause, charitable developmental projects its image is going to look like they (the board members) only interested in their cut of the BCCI earnings to the general public. Start adopting rural schools to improve their class rooms and playgrounds. A small start will make big difference.
should help team games hockey and football..BCCI HAS MADE MOPNEY THROUGH TEAM GAMES
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