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Fri, 03 Sep 2010
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 NEWS WITHOUT BORDERS :: Local News |
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Cabinet nod for football development fund
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Datuk Ahmad Shabery Cheek | VIENTIANE (Dec 15, 2009): The cabinet has agreed in principle to the setting up of a fund for football development at the grassroots level as mooted by the Youth and Sports Ministry, said its minister Datuk Ahmad Shabery Cheek.
He said the fund, which would be managed by a board of trustees with an initial capital outlay of about RM50 million to RM60 million, was expected to start operations early next year.
"It will be for grassroots development as the FA of Malaysia (FAM) lacks funds for this purpose.
However, the elite programme involving the national squad will still be under the FAM," he told reporters here today.
Ahmad Shabery said the proposal by the ministry was raised at the cabinet meeting on Friday and that follow-up action would be taken upon his return to Kuala Lumpur after the closing ceremony of the Laos SEA Games this Friday.
He added that the fund would initially concentrate on football before being extended to other sports.
On football being chosen as the first beneficiary of the fund, Ahmad Shabery it was to be a stimulus for the sport following Malaysia's success in reaching the final after a 20-year wait at the SEA Games in Laos.
Malaysia will take on Vietnam in the final tomorrow.
Ahmad Shabery also said that he was optimistic that Malaysia would be able to the meet the minimum 30-gold target at this 25th edition of the SEA Games.
"If we get 35 gold, it will be a bonus," he said.
Till noon today, Malaysia's haul is 26 gold. -- Bernama
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Updated: 06:44PM Tue, 15 Dec 2009
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