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Amid negative publicity for the Commonwealth Games, the Organising Committee is facing a massive shortfall in meeting its revenue target. Till date, only Rs 335 crore has come to the OC's kitty against the target of Rs 1,620 crore from various sources, including sponsorship, ticket sale, merchandise and broadcast rights. While the OC has received Rs 137 crore as sponsorship money, it has got Rs 185 crore for TV rights so far. more...
Some of the top PSUs may have pulled out of the Commonwealth Games in the wake of corruption allegations, but Organising Committee Chairman Suresh Kalmadi is unperturbed, saying he is confident of making up the deficit through the private sector. more...
The crisis-riden CWG has received a further jolt with two power PSUs, NTPC and PowerGrid, deciding to hold back their Rs 40 crore sponsorship money out of a combined committed sum of Rs 60 crore for the event. more...
Two state-run firms have withdrawn their sponsorship of the Delhi Commonwealth Games due to "negative publicity" of the event stemming from allegations of graft and mismanagement. more...
New Delhi, Aug 19 (PTI) In what could be a severe joltto the crisis-ridden Commonwealth Games, the Heavy Industriesand Public Enterprises Minister Vilasrao Deshmukh today saidhis ministry has asked PSUs to hold back sponsorship moneytotalling up to Rs 260 crore for the event. more...
Sponsorship deals for the Delhi Commonwealth Games will now be marketed by the organising committee, a senior official said, even as Australian firm Sports Marketing and Management (SMAM) accused the committee of wrongfully terminating its services. more...
Country’s largest power producer NTPC is likely to restrict its sponsorship deal for Commonwealth Games to Rs 20 crore, dealing yet another blow to the tainted Games. The organising committee of Commonwealth Games is struggling to tide over the huge funds crunch. more...
CWG Organising Committee defended its broadcasting rights deal with Fast Track despite a high commission paid to them, saying the UK company had doubled the revenue target. more...
CAG, in its inspection, has found discrepancies in choosing consultants for global broadcasting rights and sponsorship deal for Commonwealth Games. more...
The Comptroller and Auditor General of India (CAG) in its interim inspection report has found some discrepancies in choosing consultants for global broadcasting rights and sponsorship deal for the forthcoming Commonwealth Games here. more...
Troubles just don't seem to end for Suresh Kalmadi as the report found discrepancies in choosing consultants for broadcasting rights and sponsorship deals. more...