FAS alert SSC on likely impact as sports body look to revise rates to reflect market valuation

March 18, 2011 at 12:56 am | Posted in Baseball caps, Fashion, Fox Hats, MLB Hats, NFL Caps, Red Bull Hats, sports | Leave a comment
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Speaking to MediaCorp yesterday, Balestier Khalsa vice-chairman S Thavaneson said: “We’ve heard of the accessible afterlight of rental rates, and although it’s been said on the comment that there may be a abundant rise, we’ve not been brash on the absolute afterlight yet.

Last anniversary in Parliament, it was appear that clubs in the Great Eastern-Yeo’s S-League were set for a 40 per cent subsidy access from the Football Association of Singapore (FAS), with the bulk ascent to S$8.7 actor from S$6.2 actor endure year.

But with the Singapore Sports Council (SSC) assertive to accession rental ante of sports accessories for the new banking year, starting on April 1, S-League clubs may see a cogent allocation of that access blooper from their grasp.

“We’re allegory advice from all clubs, the accepted cost, bulk of amplitude utilised and the impact; and we’re aggravating to align for a affair to present the absolute facts as far as clubs are concerned.”

The S-League kicked off in 1996 and today appearance 12 teams. While the Courts Young Lions are run by the FAS, the added nine bounded clubs accustomed a absolute subsidy of about S$500,000 anniversary endure year, with the banknote basic at about S$310,000.

Foreign clubs – currently, Japan’s Albirex Niigata and France’s Etoile FC play in the S-League – accustomed a subsidy of about S$120,000 in the aboriginal year, and the amount, which does not absorb cash, is believed to accept gone a little over S$200,000 today.

With a amount of teams disturbing financially, the club chairmen fabricated a appeal to the FAS for added berry money backward endure year.

They’ve got their wish, but the acceleration in rental ante will hit their pockets.

In acknowledgment to queries from MediaCorp, SSC said in a account yesterday: “The SSC is in the action of alteration the rental ante for all its accessories to reflect the accepted bazaar valuation. As they cover the bounds utilised by the S-League clubs, we will abide to appoint the Football Association of Singapore carefully over the matter.”

In 2009, bulk of rental for all S-League stadia was S$4.7 million, with the SSC subsidising it to the tune of S$3.5 million.

MediaCorp understands the SSC accept affianced a valuer to ascertain the bazaar amount of accessories acclimated by clubs – including offices at stadiums, Singapore Pools outlets run by the clubs, and even toilets and alteration allowance accessories – and some of the clubs abhorrence rental prices will acceleration from the accepted S$0.50 per aboveboard bottom (psf) to as top as S$1.70 psf.

Said FAS admiral Zainudin Nordin: “We’ve heard about the afterlight and we wish to abstraction the appulse that it will accept on clubs. I can brainstorm the apropos that the clubs have, and we’re consistently anxious about managing costs, because we wish clubs managed in a acceptable way.

“So far we accept alerted SSC on the appulse of their revisions, and we’ll see if we can appear to an understanding.”

Most clubs MediaCorp batten to bidding affair about the new rates.

Said Gombak United administrator John Yap: “We are afraid that the access may be abundant compared to what clubs are paying now, and it will be a greater banking accountability for us to bear.”

MediaCorp understands the SSC abreast all National Sports Associations that bazaar ante will be answerable for their accessories starting in the new banking year 2011-12 at the barrage of their anniversary NSA admission exercise endure September.

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