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Volume 10 No. 22
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Indian Sports Charity Set Up By Steel Magnate Shuts Down Due To Lack Of Funds

A sports charity set up by steel magnate Lakshmi Mittal that helped produce India’s only individual Olympic Gold Medalist "has shut down, apparently due to a lack of funds," according to the AFP. The Mittal Champions Trust, founded in '05 to raise India’s sporting standards and produce Olympic medalists, "was headed by Mittal’s son-in-law Amit Bhatia." Former tennis player Manisha Malhotra, who was the trust’s CEO, confirmed local media reports that "the venture had closed down." Malhotra: “They did not want to spend more money. There is a lot of disorganization within the Indian sporting system. The lack of planning within the government and federations makes it challenging to implement systems” (AFP, 3/12).