Financial concerns about the badminton World Championship?

 May 29, 2009 - Due to the economic slowdown, there is a bit of a concern for the financial state of the World Championships, to be held in India in August. The Badminton Association of India President V K Verma said, "Financial resources are a major concern because the projected expenditure for the event is about six crore, including three crore that needs to paid to the Badminton World Federation as the sanction money. As of now we have managed half the money and efforts are on to get the rest."  He also stated, " We are doing the marketing, we have prepared the project report of the World Championship and sent it to the various sponsors. But the market is so negative at the moment because of recession, that the response is slow but we hope to raise some more money."  There are high hopes that the Indian players would be able to make it to at least the quarter-finals, with the expectation for women's top player Saina Nehwal to make it even further in to the semi-finals.
 

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