State GLC investment in football club needs study Abdul Karim
1 month ago, 03-Mar-2021
KUCHING: The proposal to allow state government-linked companies acquire substantial stake in Sarawak United FC requires a thorough study, says Minister of Youth and Sports Datuk Abdul Karim Rahman Hamzah.
There must be a willing buyer and willing buyer basis. The proposal cannot just be put to the government and be simply adopted like that.
“Its a good proposal but it has to be deeply studied first, said the minister during a press conference organised by Drugs Prevention Association of Malaysia (Pemadam) Sarawak at a local hotel here yesterday.
On Tuesday, Football Association of Sarawak (FAS) president Dato Posa Majais said he had written to the state government seeking investment from the state government-linked companies to help Sarawak United FC remain financially sound.
It was reported that Posa and FAS are the current shareholders of the club and potential investors will be entitled to up to 70 per cent of stake in the Premier League outfit.
On a separate matter, when asked on the announcement by Senior Minister Datuk Seri Ismail Sabri allowing tourism activities to be carried out in Conditional and Recovery Movement Control Order areas, Abdul Karim said the state was still subjected to the standard operating procedures (SOPs) announced by State Disaster Management Committee.
The SOPs announced by Ismail Sabri was mainly for Peninsular Malaysia in view of the Covid-19 situation there. We will study those procedures as stipulated by the federal government and adapt it accordingly to our local requirements if necessary, he said.