Vijay Mallya hands over Mohun Bagan baton to son
December 20th, 2010 - 3:36 pm ICT by IANSNew Delhi, Dec 20 (IANS) Adhering to Asian Football Confederation (AFC) regulations, liquor baron Vijay Mallya has resigned as the director of the Mohun Bagan football club but remains the chairman of East Bengal.Mallya’s decision to quit was taken at Mohun Bagan’s Dec 16 board meeting in Kolkata.
Prince Rufus, operations manager of Mohun Bagan, said in a statement that Sidhartha Mallya has been appointed as an additional director of the club.
“Vijay Mallya has resigned from his post as a Director and the Chairman of the Board of Directors of United Mohun Bagan Football Team Pvt. Ltd. His resignation has been accepted with deep regret by the Board of Directors of the Company in a meeting held on 16th December 2010 at Kolkata,” the statement said.
An All India Football Federation (AIFF) official said that Mallya had to resign as he was heading both Mohun Bagan and East Bengal and AFC was against “cross-ownership” of clubs in a professional league.
“According to AFC club licensing criteria, which has to be implemented before the end of the 2010-11 season, no individual or a company can own 50 percent or more stakes in more than one club at a time. So Mallya’s resignation was very much on the cards from one of the clubs,” the official said.
Although Mohun Bagan and East Bengal are sponsored by different brands - McDowell and Kingfisher - they belong to the same company, United Breweries Group, owned by Mallya.
The AFC, at a meeting with AIFF here in September, had set Dec 24 as the deadline to sort out the “cross-ownership’ issue.
AIFF president Praful Patel had said that clubs that don’t fulfil all the criteria by Dec 31 would not be allowed to play in the I-League.
- Arnab, Clifford ruled out from AFC Challenge Cup - Mar 02, 2012
- Four new faces in India squad for Bayern Munich game - Dec 28, 2011
- Armando drops Bhaichung along with 11 seniors from World Cup probables - Jun 02, 2011
- AIFF at loggerheads with I-League clubs - Feb 21, 2012
- Royal Wahingdoh qualify for main phase of Federation Cup - Sep 13, 2011
- I-League clubs skip last meeting of ad-hoc committee - May 04, 2012
- I-League clubs agree to release players for Caribbean tour - Aug 08, 2011
- East Bengal, Mohun Bagan finish 1-1 in I-League - Feb 04, 2012
- FIFA president Sepp Blatter to visit India next month - Feb 13, 2012
- The 107 caps of Bhaichung Bhutia (Career statistics) - Aug 24, 2011
- East Bengal face Mohun Bagan in I-League's Kolkata derby - Feb 03, 2012
- Mohun Bagan appoints Bhowmick as technical director - Dec 14, 2010
- European clubs sell dreams to Indian footballers - May 08, 2011
- Professionalise I-League or face action, AFC warning to AIFF - Aug 27, 2009
- Top footballer Bhaichung Bhutia ends his international career (Lead) - Aug 24, 2011
Tags: afc, aiff, asian football confederation, board meeting, chairman of the board, dec 24, east bengal, football club, football federation, football team, kingfisher, kolkata, liquor baron, mohun bagan, operations manager, praful patel, professional league, pvt ltd, rufus, united breweries