HANOI (11 Sept 2012) – In their first year in existence the Vietnam Professional Football JSC (VPF) – the body tasked with running professional football in Vietnam – have declared a profit of USD 3 million.
Even with the absence of former chairman Nguyen Duc Kien, who was arrested recently, the VPF still managed to collect VND106 billion (around USD 5 million) and spending only VND41 billion (USD2 million).
That gives a profit of USD 3 million notwithstanding the fact that six football clubs still owe membership fees.
This was announced following a meeting this week for a review of the 2012 season and to prepare for the new 2013 V-League. For the new edition, the VPF plan to set up their own Disciplinary Committee.
It was also decided that from 2013 onwards, one boss can own only one football team in one tournament. Football investors will also be banned from sponsoring different clubs in the same tournament in any form.