AIFF to pay $ 400,000 to former football coach Igor Stimac as compensation

Igor Stimac and the All India Football Federation (AIFF) have reached an agreement with the former men's national team head coach set to receive USD 400,000 (approximately Rs 3.36 crore) after tax as compensation for being terminated from the job.

The AIFF sacked Stimac in June, terminating his contract exactly a year before it was to expire in the wake of the side's ouster from the second round of FIFA World Cup Qualifiers despite getting a relatively easy draw.

The sacking was followed by a bitter war of words between Stimac and the AIFF with the Croat threatening to sue the federation if it didn't settle his dues within 10 days.

However, the two parties have now reached an agreement.

"The AIFF top brass has approved payment of USD 400,000 as compensation to settle the issue with AIFF," a source privy to the development told PTI on Sunday.

It is quite a hefty amount for a federation that has struggled for funds in recent times and has reduced its competitions budget this ...