Public Bank and MK Land have only themselves to blame, say FAM

PETALING JAYA: Club sides Public Bank and MK Land have only themselves to blame for the financial woes that led to their pullout from the M-League. 

The FA of Malaysia (FAM) hit out at the clubs yesterday, saying they had failed to use their annual grants effectively. 

Public Bank have received a total of RM1.4mil since 2002 while MK Land were given a total of RM415,000 for the past three years. 

Public Bank were also awarded RM200,000 in prize money after finishing as Super League runners-up last season. 

Both club sides withdrew from the M-League last month, citing financial constraints as their reasons for doing so. 

Their exit came a big blow to FAM’s plans to use club sides to strengthen the local league. 

FAM secretary Datuk Seri Dr Ibrahim Saad said: “FAM have been very generous to the teams. Public Bank have received a total sum of RM1.4mil since they started competing in 2002. 

“In 2002, they received RM200,000, another RM200,000 in 2003 and RM550,000 in 2004. This season, Public Bank were allocated RM450,000 and so far we have paid out RM325,000 to them. 

“As for MK Land, they were only competing in the Premier Club competition (formerly known as the FAM Cup) in 2003 so they received RM35,000. In 2004, MK Land had a huge jump to RM200,000 because they qualified for the Premier League. 

“MK Land received RM180,000 for the just-ended season and FAM have paid out RM140,000 of it. 

“Both teams received smaller annual grants this season. We had to reduce the annual grants for all teams because FAM suffered a huge reduction in terms of sponsorship this season. 

“FAM have helped all the teams. None of teams have been sidelined. Nobody can come back to us and say we never helped them. 

“We can’t be giving all the money they need to run their teams. We simply cannot afford it. These teams are supposed to be professional outfits. It will be up to the sponsorship departments of the respective teams to look for the rest of the money.” 

Each team require an annual sum of about RM2mil to compete in the M-League.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Stories You'll Enjoy