1 year ago

EFI's Financial Crisis Leads to Event Cancellations

EFI's Financial Crisis Leads to Event Cancellations
Equestrian Crisis: FEI Cancels India Events After EFI Bank Accounts Frozen Due To Non-Payment Of Dues · timesnownews.com

There's a horse riding club that's in trouble.

Because of a big fight between the leaders, they can't pay their bills.

This means that many horse riding events, like competitions, have been canceled.

The club owes money to people that work at the events.

It all started because some leaders disagreed and there were problems in the court.

Now, the international horse riding group is canceling events because they aren't being paid, which hurts the sport.

Key facts

Total Dues Owed
Approx. ₹2 crore
Events Cancelled
At least 24
Dues to FEI for
Eventing, Show Jumping, Dressage
Bank Account Status
Frozen
Secretary General Dispute
Colonel Jaiveer Singh's removal
Involved Parties
EFI, FEI, Delhi High Court

Sources

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