The All India Football Federation (AIFF) on Tuesday handed a finances of Rs 134 crore — a rise of practically 50 crore from final 12 months — for 2023-24 throughout its Annual General Meeting in Bengaluru. The AIFF finances for 2022-23 was Rs 87 crore, which its common secretary Shaji Prabhakaran had termed “meagre” for an enormous nation like India. “Yes, we passed a budget of Rs 134 crore (a raise of exactly 54 percent) for 2023-24 financial year. Last year’s budget was Rs 87 crore,” AIFF’s finance committee chairman Menla Ethenpa instructed PTI.

Ethenpa, who can be the Sikkim Football Association president, attended the AGM, the primary below the brand new dispensation led by president Kalyan Chaubey. He took cost in September final 12 months.

The AGM additionally accredited the appointment of a statutory auditor to audit the accounts of the federation and the monetary statements and audit studies of 2022-23.

Representatives from 34 member state associations and two affiliate members — Railways Sports Promotion Board and Services Sports Control Board — attended the AGM. Observers from FIFA, AFC and IOA, in addition to a consultant of AIFF advertising and marketing companions FSDL, had been additionally current.

Prabhakaran had earlier complained that the AIFF finances was too low and it ought to be elevated manifold.

Prabhakaran additionally mentioned that the upcoming I-League season (2023-24) will most probably see a convention type competitors just like the one within the USA.

“We will discuss with the I-League teams very soon and then take a final decision. But I feel it (conference style I-League) should start from the upcoming season,” he mentioned on Tuesday.

“We have decided to induct five new teams to I-League but there are formalities to be completed. They have to fulfil certain criteria (Club Licensing Criteria),” he added.

Under the convention system, the groups could possibly be divided into two conferences. Each convention shall be made up of groups that are in geographical proximity. The groups in every convention will play house and away and the highest 4 from each teams will compete for the title. The remaining groups will have interaction in a battle to keep away from relegation.

This might scale back the operational price of the golf equipment as they won’t have to journey too far to play away matches.

Prabhakaran had final month mentioned that the I-League wants restructuring in order that smaller golf equipment can survive by reducing down their gamers’ journey and lodging price.

He had mentioned if the cash spent on logistics is lowered, golf equipment with much less finances will survive and that may even assist in the I-League having extra groups throughout the nation.

“The clubs should not put 80 per cent of their money on logistics. Currently, it’s only 20 per cent, which is going to football, the remaining is going to logistics. It can’t be like this,” Prabhakaran had instructed PTI.

“We have to see how we can reduce the cost of operation of clubs. The idea is not to reduce the budget, but that budget should not be used as cost for flying and for hotel. It could be used for the ground to create a better product.”