PETALING JAYA: The Malaysia Football League (MFL) board of directors will soon get look at the draft of the Economic Control Programme (ECP) formulated by PricewaterhouseCoopers Risk Services Sdn Bhd (PwC Malaysia).
PwC were appointed in June to adapt the ECP which was successfully utilised by the Spanish League (La Liga) to eradicate their financial debts amounting to £90mil (RM423mil) to zero within five years from 2012 to 2017.
MFL chief operating officer (CEO) Kevin Ramalingam said the ECP-styled concept will be implemented next season and is expected to be fully operational by 2022.
“A high-level framework for the ECP has been developed and MFL are currently engaging a number of M-League clubs to refine the ECP further... a draft of it will be presented to the MFL Board of Directors meeting this month, ” said Kevin.
“MFL will be working very closely with the M-League teams in the first half of 2020 to educate and prepare them to comply with the ECP which requires them to submit their 2021 budgets by the third quarter of 2020.
“The ECP will be applied to Super League clubs during the December 2020 transfer window and throughout the 2021 season to regulate their spending. This is to reduce and eventually prevent instances of unpaid salaries during a league season.”
Kevin said that the M-League teams have been giving good feedbacks on the ECP.
“The response has been positive and encouraging as the aim of the ECP is build and establish a financially sustainable league for everyone.”
We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!
What do you think of this article?