"The sponsors (Pailan Group) are still yet to make any financial commitment. The infrastructure (at Pailan in the outskirts of the city) is in a bad shape... We have no option but to pull out the team. So, there will be 14 teams in the I-League 2013-14," AIFF general secretary Kushal Das told PTI.
Das, however, added that the future of the 20-odd contracted players would be secured as the AIFF would continue to pay their salaries.
Formed in 2010 as the Indian Arrows, with the main goal of nurturing young talents in view of 2018 World Cup, the team had appeared in three seasons of the I-League with mixed results.
"As it is, this would have been the last year of the team," Das said.
The decision was taken at an AIFF meeting today after an acute financial crisis at the Pailan Group.
"Such was the condition that the players were not offered food and had to manage on their own a few days back," an AIFF insider claimed.
When contacted, Pailan Group chairman Apurba Saha told PTI, "I'm out of town, I have no details as of now... We will keep you informed."
In the build-up to the season, speculation was rife that the AIFF would disband the side with the Pailan Group not settling all its financial dues.
But Saha had earlier said that they have sorted out the differences with the AIFF amicably.
"Pailan Group has settled all financial dues with the AIFF and both parties are now ready to concentrate on the upcoming I-League season with a deep sense of association as before," he had said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
