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AIFF Financial Year 2022/23 Reports: Rs 92 Lakhs in Meeting Expenses and Other Revelations 

The All India Football Federation (AIFF), the regulatory authority for Indian football, has finally unveiled its audit reports for the fiscal year 2022-23.

AIFF President Kalyan Chaubey, Image Credits - Twitter
AIFF President Kalyan Chaubey, Image Credits – Twitter

Despite persistent appeals from Khel Now to disclose the audit findings, the AIFF has chosen to reveal its financial statements for the aforementioned period over a year following the fiscal year’s conclusion.

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AIFF’s Expenditure Breakdown

In the eventful year of 2022-23 for Indian football, spectators returned to stadiums for the first time since the onset of the COVID-19 pandemic, marking a significant milestone. Additionally, lower league competitions and youth programs resumed operations after a temporary hiatus prompted by the pandemic.

Moreover, India successfully hosted the FIFA U-17 Women’s World Cup during this period, showcasing the AIFF’s capability to organize and host major international tournaments.

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Against this backdrop, it is crucial to delve into the key revelations unveiled by the financial statements for the fiscal year 2022-23.

1. AIFF Records Financial Loss for FY 2022-23

Key Revelations from Newly Released Statements:-

One of the significant revelations from the recently disclosed financial statements of the All India Football Federation (AIFF) underscores a deficit in the Income and Expenditure account. While the income amounted to approximately ₹1,37,74,65,949, expenditures soared to ₹1,52,47,01,649, resulting in a deficit of roughly ₹15 crores.

Indian Football Team Image Credits X Twitter 1 AIFF Financial Year 2022/23 Reports: Rs 92 Lakhs in Meeting Expenses and Other Revelations 
Indian Football Team, Image Credits- Twitter

In comparison, for the fiscal year ended 2021-22, expenditures stood at ₹63,35,92,358. The notable surge in expenditures can be attributed to the increased allocation towards tournament camps, many of which were suspended due to the COVID-19 pandemic but resumed in 2022-23. Expenditure on tournaments escalated from around ₹42 crores in 2021-22 to ₹120 crores in 2022-23.

Remarkably, AIFF’s expenditure on meetings alone amounted to ₹92,33,684 in the fiscal year 2022-23.

2. Decline in Savings Account Balance and Cash Reserves

AIFF’s Financial Snapshot for FY 2022-23:-

The All India Football Federation concluded the fiscal year 2022-23 with a savings account balance of ₹12,00,11,389, significantly lower than the ₹28,90,88,246 balance recorded at the end of FY 2021-22. Moreover, the cash in hand experienced a notable decrease, plummeting to ₹79,688. However, there was a proportional increase of approximately five crores in the fixed deposits account.

3. Rise in Revenue Streams

Telecast Rights, Sponsorships, and FIFA U-17 Women’s World Cup Income:-

During the financial year 2022-23, AIFF witnessed a substantial increase in revenue streams. Income generated from the sale of telecast and master rights surged by eight crores, reaching ₹50 crores. Additionally, sponsorship revenue experienced a sharp ascent, totaling ₹6,74,91,178.

AIFF also garnered ₹49,98,32,980 from the FIFA U-17 Women’s World Cup hosted in India. Notably, this revenue comprised significant contributions from FIFA grants (₹19,28,93,000) and the Government of India (₹12,50,00,000).

Indian Womens Team Image Credits AIFF jpg AIFF Financial Year 2022/23 Reports: Rs 92 Lakhs in Meeting Expenses and Other Revelations 
Indian Women’s Team, Image Credits – AIFF

4. Government Grants for Operations:

Decline in Funding for Regular Activities:-

The grants received by AIFF from the government witnessed a decrease across the fiscal years 2021-22 and 2022-23. While the federation received ₹10,50,73,496 as grant-in-aid from the Government of India in the previous fiscal year, this figure decreased to ₹7,38,19,298 in 2022-23.

It’s important to note that the expenditure of ₹12,50,00,000 specifically allocated for the FIFA U-17 Women’s World Cup, while ₹7,38,19,298 was granted by the government for AIFF’s routine operations.

5. AIFF’s Investments in Men’s, Youth, and Women’s Football for FY 2022-23

Men’s Football

In the fiscal year 2022-23, the All India Football Federation (AIFF) allocated a total of ₹18,47,12,926 towards the I-League, the second division of Indian football. This marked an increase of approximately ₹8.10 crores compared to the expenditure on the competition in 2021-22. Additional amounts were dedicated to organizing the I-League Qualifiers and the Super Cup.

Youth Football

For youth football development initiatives in 2022-23, AIFF disbursed a total of ₹3,52,08,791, covering various programs such as the Golden Baby Leagues, Junior National Championships, and other youth development leagues. This expenditure reflected a significant increase from the ₹1,65,73,548 spent in 2021-22, primarily due to the resumption of youth leagues following disruptions caused by the COVID-19 pandemic.

Indian Womens Team Image Credits AIFF 1 jpg AIFF Financial Year 2022/23 Reports: Rs 92 Lakhs in Meeting Expenses and Other Revelations 
Indian Women’s Team, Image Credits- AIFF

Women’s Football

In 2022-23, AIFF’s investment in women’s football surged to ₹9,43,95,963, representing a notable increase compared to the previous fiscal year. The augmented expenditure was attributed to enhanced support for the Indian Women’s League and participation in prestigious tournaments like the U-17 World Cup. Pre-tournament exposure trips, participation in events like the SAFF Women’s Championship and AFC U-17 Women’s Championship, along with engagement in various other women’s youth national and international events, underscored AIFF’s intensified focus on promoting women’s football in India.

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