The crisis in Indian hockey has been dissolved with IOA boss Suresh Kalmadi promising an immediate disbursement of Rs 1 crore to the striking players.

Kalmadi, who flew on Wednesday morning to Pune, to hold negotiations with the protesting players, said that a full settlement has been reached and "everybody is happy about it".

"Hockey has been our national game. It can never be a national shame. It will be our national pride. The players all feel that they want to bring up Indian hockey. I assured them of full support," Kalmadi said.

Kalmadi, who is also Chairman of the 2010 Commonwealth Games, said that Rs 1 crore given by sponsors Sahara India will be disbursed among the players within a week and all other issues would be settled in due course of time.

The settlement of the crisis, which has dogged Indian hockey for the last five days, paves the way for the players to rejoin the World Cup preparatory camp from Thursday.

Kalmadi also said that a Players' Welfare Development Fund will be created and former Indian captain Dhanraj Pillay, who also played a key role in resolving the crisis, has been put in charge. .

Kalmadi also made it clear that no player will be targeted in future for boycotting the camp.

"No player will be targeted,” he said. “They have done it within the decorum. I will also tell the next HI president to agree to the players' demand."

He said that various state governments like Punjab, Madhya Pradesh, Maharashtra and Uttar Pradesh have promised financial support to the players, while some other corporate houses have also assured monetary help.
 
"In view of all this we have also decided to form another committee to look into the finances. This committee will be chaired by Hockey India president and will also include representatives from the IOA and players like Zafar Iqbal, Ajit Pal Singh, MP Ganesh and Pillay.”

Kalmadi also said that a number of Bollywood personalities such as Shah Rukh Khan, Amitabh Bachchan, Salma Agha have expressed concern about the developments.

"I would request them to hold shows and concerts so that more funds can be generated for the players. I would also request Subhash Ghai to help. This money will not only help the current players but also the old hockey players who are in dire need," Kalmadi said.

Kalmadi said the players gave him a list of their demands and they wanted a commitment on the graded payment system and solutions before the World Cup.