Money cannot buy happiness.... it also can't buy gold medals and world championships. This is evident with the dismal performance of the cricket team. I hate to make another reference to the "men in blue" but it is a great lesson for all of us in the sporting world to see that it takes a lot more than funds to achieve success.
There is obviously no doubt that money is an important component to creating champions but it is not the be all and end all. The formula for success is a tricky composition of desire, hard work, talent, planning, competitiveness and money. The problem with us in India is that there has been a dearth of funds. Not that the funds don't exist... they are just flittered away in non productive ways. Planning is one of the most important factors to achieving success but if you talk to most coaches and sports admin officials they don't really have a plan.... and if they do it is not a very good one.
In a lot of cases the coaches who are doing it with the best of intentions, spend so much time trying to raise money for their athletes that they forget to develop a hunger, passion and desire in their wards.
There is no shortage of funds in India what we really need is people who can come in and formulate a plan to create champions. There has to be some accountability to be able to produce results and unfortunately right now we not only have a bunch of over paid, under achieving athletes but also officials.