Khel Now logo
HomeSportsIPL 2024Live Score
Advertisement

Indian Football

RS 92 lakhs in meeting expenses and other revelations from AIFF's financial statements for FY 2022-23

Published at :April 12, 2024 at 12:56 PM
Modified at :April 12, 2024 at 1:00 PM
Post Featured Image

Keshava Verma


The AIFF registered a financial loss despite a rise in income in FY 2022-23.

The All India Football Federation (AIFF), which is the governing body of Indian football, released the audit reports for the financial year 2022-23. Despite Khel Now’s constant requests to release the audit, the AIFF has made revelations of their financial statements for 2022-23 more than a year after the end of the financial year. 

2022-23 was an interesting year for Indian football, as it witnessed fans inside the stadiums for the first time after COVID-19, and the lower league as well as youth operations were once again restarted after a temporary halt due to the pandemic. 

During this time, India also hosted the FIFA U-17 Women’s World Cup, which was a strong testament by the AIFF regarding its ability to host major tournaments.

With that being said, let us now take a look at some of the most important revelations from the financial statements for FY 2022-23.

1. AIFF registered a financial loss for the year ended 2022-23

One of the most important findings from the recently released financial statements of the AIFF shows a deficit in the Income and expenditure account. While the income was about  ₹1,37,74,65,949 the expenditure mounted up to ₹1,52,47,01,649, causing a deficit of about ₹15 crores.

For comparison, in the year ended 2021-22, the expenditure was ₹63,35,92,358. The major reason behind the sky-high expenditure is the increased outlay on tournament camps, many of which had been halted due to COVID, but commenced once again in 2022-23. The expenditure on tournaments rose from about ₹42 crores in 2021-22 to ₹120 crores in 2022-23. 

Interestingly, AIFF spent ₹92,33,684 on meetings alone in the financial year 2022-23.

2. Fall in Savings Account balance

The All India Football Federation closed FY 2022-23, with ₹12,00,11,389 in the savings account, whereas it finished FY 2021-22 with a cash balance of ₹28,90,88,246.

The cash in hand also dropped significantly and came down to ₹79,688. On the other hand, the fixed deposits account saw a commensurate rise of about five crores. 

3. Income from Telecast & Commercial rights and Sponsorship

In the financial year 2022-23, AIFF’s income from the sale of telecast and master rights increased by eight crores and reached the mark of ₹50 crores. Income from sponsorships also saw a steep rise and came up to ₹6,74,91,178.

AIFF also generated ₹49,98,32,980 from the FIFA U-17 Women’s World Cup which was held in India. Amongst this, the major constituent was grants received from FIFA (₹19,28,93,000) and the Government of India (₹12,50,00,000).

4. Grants received from government for regular operations

The grants received by the AIFF across the financial year 2021-22 and 2022-23 fell by some margin.

While the federation received ₹10,50,73,496 in the form of grant-in-aid from the Government of India in the previous fiscal, the number boiled down to ₹7,38,19,298 in 2022-23. 

It is worth noting that the above-mentioned expenditure of ₹12,50,00,000 was made specifically for the FIFA U-17 Women’s World Cup, whereas ₹7,38,19,298 was granted by the government for AIFF’s regular operations.

5. Total expenditure on domestic football across nation

Men’s football

AIFF spent a total of ₹18,47,12,926 in FY 2022-23 on the I-League, which is the second division of Indian football. This number was about ₹8.10 crores more than the expenditure on the competition in 2021-22. The other amounts add up to the organizing of I-League Qualifiers and the Super Cup.

Youth Football

In 2022-23, a total of ₹3,52,08,791 was spent on youth football across various avenues such as Golden Baby Leagues, Junior National Championships, and other youth development leagues.

The expenditure for youth football in 2021-22 was only ₹1,65,73,548 as most of the youth leagues were either postponed or cancelled due to the COVID-19 pandemic.

Women’s football

Women’s football saw an increased expenditure of ₹9,43,95,963 in the year 2022-23 as compared to 2021-22. There was increased expenditure on the Indian Women’s League and participation in tournaments such as the U-17 World Cup. 

The exposure trips before the commencement of the tournament along with SAFF Women’s Championship, AFC U-17  Women’s Championship as well as all the other women’s youth national and international events are all indicators of the increased activity of the AIFF in the space of women’s football in India. 

For more updates, follow Khel Now on Facebook, Twitter, Instagram, Youtube; download the Khel Now Android App or IOS App and join our community on Whatsapp & Telegram.

Advertisement
Advertisement