The All India Football Federation (AIFF) has reportedly reached an agreement with Igor Stimac, wherein the former men’s national team head coach will receive $400,000 (Rs 3.36 crore approx) after tax as compensation for being prematurely terminated from the job.
“The AIFF top brass has approved payment of $400,000 as compensation to settle the issue with AIFF,” a source privy to the developments told PTI on Sunday.
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.
Earlier, the AIFF had offered three months’ salary as compensation after his sacking but Stimac refused and went to FIFA last month seeking $920,000 (two years’ salary) from the apex national body, News18 reports.
The compensation is a hefty amount for a federation that has struggled for funds in recent times and has reduced its competitions budget this year.
The former India coach had earlier rejected offers from the AIFF to settle for five and then 10 months’ salary, News18 further reports.
