Nearly 2,000 sports related companies shuttered since last year, says Ti

KUALA LUMPUR: Almost 2,000 sports-related companies were forced to wind up operations due to severe financial constraints brought about by the Covid-19 pandemic, says Datuk Seri Ti Lian Ker (pic).

The Deputy Youth and Sports Minister said that based on checks by the ministry, it was found that between Jan 1 to Dec 31, 2020, as many as 1,968 sports-related businesses and companies were forced to shut down operations due to lack of working capital and operational funds.