The Indian Olympic Association (IOA) is facing a significant financial crisis due to its Treasurer not submitting the necessary financial reports to the International Olympic Committee (IOC), the IOA stated in a press release, on Friday. The negligence has led to the IOA missing out on critical Olympic Solidarity grants, which support athlete development programs and sports initiatives. This has dealt a severe blow to the IOA’s efforts to aid Indian athletes as they prepare for international competitions. These Olympic Solidarity grants, essential for the development of athletes and sports in India, were withheld by the IOC due to the non-compliance of the IOA Treasurer in submitting the required annual reports. The inability to secure these funds will impact the IOA’s ability to support athletes in upcoming events, thus hindering their preparation and performance. P.T. Usha, the President of the IOA, has been pushing for reforms within the association, including the ratification of Mr. Raghuram Iyer as the Chief Executive Officer (CEO), who has been in limbo since January 2024 due to internal disputes. Usha …