Thursday, December 08, 2005

Malaysian FA drops dividend to Super League clubs

The Football Association of Malaysia is reportedly about to cut annual grants to teams by up to 20 percent due to sponsorships dropping from 30 million ringgits (around US$ 8 million) to eight million ringgits (US$ 2.2 million). Two seasons ago, when Dunhill sponsored the Super League, participating clubs received dividends of around 1.4 million ringgits each to run their teams, President’s Cup sides and youth development, but that contract ended last year. Telekom Malaysia is now the official sponsor but the deal had reduced to 8.5 million ringgits, the Star newspaper reported.

FAM competitions committee chairman, Datuk Raja Ahmad Zainuddin Raja Omar, told the newspaper that the grants had to be slashed because of the limited financial resources. “Although we have several sponsors, the amount is not enough. All teams will need to find their own sponsors to make up shortfalls.” he was quoted as saying.

See also: Malaysia's Penang FC attracts corporate sponsor (7 Dec)

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