Organising panel defends deal with Fast Track

Organising panel defends deal with Fast Track

The CAG in its interim inspection report has pointed out that Fast Track was preferred over Sports Marketing and Management (SMAM) despite the heavy commission and thus the OC lost on revenue generation.

SMAM had offered its services for 12.5 per cent while OC gave 15 per cent to Fast Track. OC Secretary General Lalit Bhanot said it was a well thought out decision to award the deal to Fast Track as they did not want to give too many contracts to SMAM, which already had bagged the sponsorship contract. “Fast Track is a well known company in this field and we have to ensure that company which has the experience is given the job. They had done it in Melbourne and other Commonwealth Games. It was a very wise that we did not put all the eggs in one basket,” Bhanot said.

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