HANOI (2 Oct 2011) – The Vietnam Football Federation (VFF) have decided to give up all control of the V-League and relinquished their powers to the chairmen of the 28 foremost clubs in the country.
Following widespread criticism in the manner in which the V-League is being run, a recent meeting between the VFF and the stakeholders will now see the formation of the Vietnam Professional Football (VPF) to be established by 14 members of the V-League.
They will manage Vietnamese football tournaments from the 2012 season onwards and this was agreed to by VFF chairman Nguyen Trong Hy.
The VPF will be established with a capital of VND21 billion (USD 1 million), with every V-League club allocating VND1 billion (USD 48,000). VFF have contributed over VND7 billion (USD336,000) to the new set-up from their budget.
The V-League will kick off on 1 January 2012 and finish on 23 June, the same year.