S’wak Utd seek state GLC investors
KUCHING: Sarawak United FC are seeking major investment from the Sarawakian government-linked companies (GLCs) to improve the club’s financial wellbeing.
Football Association of Sarawak (FAS) president Dato Posa Majais therefore hopes that the government will allow state GLCs to acquire shares in the Premier League club.
“We had a meeting recently in Mukah and we have written and sent a letter to the state government to help Sarawak United FC compete in the Malaysian League,” Posa said at a press conference held at the Pandelela Rinong Aquatic Centre yesterday.
He also revealed that the Sarawakian GLC will be entitled to up to 70 per cent of stake in Sarawak United FC.
Posa and the FAS are the current shareholders of the club.
“The move is to ensure Sarawak United FC remain financially sound,” he said.
“We also want the Sarawakian GLC to manage the finances of the club,” he added.
With the Malaysian Football League (MFL) demanding all the top-two tier teams to be privatised by this year, many are looking for ways to strengthen their financial status so that they can continue to compete in the league.
Meanwhile, Posa also revealed that Sarawak United FC might bring back Sarawak United II should they have the financial boost.
The club’s second team is unable to take part in the upcoming season as they need about RM2 million or more to compete in the M3 League, the national third tier football competition.
“As for now, we need to focus on strengthening Sarawak United FC before thinking of sending another team to compete in the Malaysian League,” he said.