Siddharth Mallya takes over Bagan from dad

NEW DELHI: 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

Published: 20th December 2010 03:23 PM  |   Last Updated: 16th May 2012 02:39 PM   |  A+A-

vijay_siddharth_mallya1

Siddharth Mallya and father Vijay in RCB colours. (File photo: EPS)

NEW DELHI: 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 Siddharth 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.

Stay up to date on all the latest Sport news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp