{"id":2725,"date":"2012-02-27T12:41:37","date_gmt":"2012-02-27T12:41:37","guid":{"rendered":"https:\/\/indiansportsnews.co.in\/?p=2725"},"modified":"2012-02-27T12:41:37","modified_gmt":"2012-02-27T12:41:37","slug":"sportsperson-qualified-for-olympics-to-get-sponsors-money-ioa","status":"publish","type":"post","link":"https:\/\/indiansportsnews.co.in\/?p=2725","title":{"rendered":"Sportsperson qualified for Olympics to get sponsors\u2019 money: IOA"},"content":{"rendered":"<p><strong>New Delhi<\/strong>: Indian Olympic Association (IOA) has announced that all the money that they will receive from the sponsors will be distributed among the sportspersons who have qualified for the London Olympics and will represent their nation in the biggest sporting event.<\/p>\n<p>\u00a0<\/p>\n<p>\u201dThe sponsor\u2019s money will not be used for the IOA\u2019s office or on its officials but will be shared by the sportspersons who will represent the country in the Games\u201d IOA acting President Vijay Kumar Malhotra said here.<\/p>\n<p>\u00a0<\/p>\n<p>Prof Malhotra was speaking at a function in which Amul signed an agreement with the IOA to be one of the sponsors of the Indian Contingent for the London Olympics.<\/p>\n<p>\u00a0<\/p>\n<p>He said electronic giants Samsung have also signed Rs ten million sponsorship with the IOA. Out of which fifty percent of the money has been given to the Samsung Ratnas (athletes selected by the Samsung itself) \u201cWith Amul\u2019s sponsorship\u00a0 also of Rs ten million, We now have Rs 15 Million as sponsors money in our kitty and We are expecting more sponsors to come forward to help the contingent.The money belongs to sports persons and\u00a0 We in the IOA decided that the entire amount of sponsorship be distributed amongst the players headed for London\u2019.<\/p>\n<p>\u00a0<\/p>\n<p>Prof\u00a0 Malhotra said that so for 45 sportspersons(11 shooters, four each in Archery and boxing, eight athletics, two swimmers\u00a0 and 16-member men\u2019s hockey team) have qualified for the Olympics.\u201dWe expect ten to 15 more sports persons from Wrestling, Boxing, Tennis, Table Tennis, Badminton, Judo, Weightlifting, Rowing are expected to make the cut.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cIn this scenario all the London bound sportspersons are already assured of Rs two lakh each from the sponsor\u2019s money\u201d he added.<\/p>\n<p>\u00a0<\/p>\n<p>The IOA acting chief also disclosed that London organising committee for Olympic Games (LOCOG) has offered to provide 30,000 Pounds financial help to IOA to send teams to United Kingdom in preparations of the Games. The IOA will have to bear the expenses beyond the stipulated offer\u201d We have called a meeting with SAI officials here on March 1 to discuss this offer \u201c.<\/p>\n<p>\u00a0<\/p>\n<p>He also said that IOA will discuss the preparations for the Games with the Associations and Federations whose athletes have made the cut.\u201dWe will provide the sportsperson all assistance so that there is no shortcoming from the IOA or federation\u2019s side. We also hope that players will give their best to make the country proud in the Olympics\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>Prof Malhotra said the IOA will also provide the best possible kitting to the sportspersons for the Games\u201dNow it is up to them to bring glory to the country\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>He\u00a0 hailed Indian hockey team\u2019s magnificent victory last night\u201d Yesterday was a mixed day for the country, it was worst in the morning\u00a0 as our\u00a0 Cricket team was\u00a0 humbled in Sydney but in the evening Hockey not only provided solace with the win but also gave a cause for celebration by qualifying for the Olympics.<\/p>\n<p>\u00a0<\/p>\n<p>IOA secretary general Randhir Singh who signed the agreement with Managing director of Amul R.S.Sodhi said \u201cbetter times are ahead for the Indian sports persons. They are now assured of all financial and technical support from our side\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>&#8220;Our times, we used to get just five dollars as pocket money while representing the country in the Olympics, but now the things have changed dramatically and for better\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>Mr Sodhi in his speech said Amul which is known as \u201cTaste of India\u201d is now going for \u201cTalent of India\u201d and expressed his happiness that IOA will spend all the money on the sportspersons. \u201cWe are very pleased with IOA\u2019s decision. We wish London Games may turn out to be best ever Olympics for Indian sportspersons\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>By Indian Sports News<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Indian Olympic Association (IOA) has announced that all the money that they will receive from the sponsors will be distributed among the sportspersons who have qualified for the London Olympics and will represent their nation in the biggest sporting event. \u00a0 \u201dThe sponsor\u2019s money will not be used for the IOA\u2019s office or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[53],"tags":[280],"class_list":["post-2725","post","type-post","status-publish","format-standard","category-latest","tag-london-olympics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sportsperson qualified for Olympics to get sponsors\u2019 money: IOA - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiansportsnews.co.in\/?p=2725\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sportsperson qualified for Olympics to get sponsors\u2019 money: IOA - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports\" \/>\n<meta property=\"og:description\" content=\"New Delhi: Indian Olympic Association (IOA) has announced that all the money that they will receive from the sponsors will be distributed among the sportspersons who have qualified for the London Olympics and will represent their nation in the biggest sporting event. \u00a0 \u201dThe sponsor\u2019s money will not be used for the IOA\u2019s office or [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indiansportsnews.co.in\/?p=2725\" \/>\n<meta property=\"og:site_name\" content=\"IndianSportsNews.com - Latest Updated Sports News &amp; 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