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Serious Tiong Bahru FC Is Fucking Rich!2016 Income of $36.8 M! Bigger tan FAS Budget Woh!

Discussion in 'The Courtyard Café' started by JohnTan, Apr 20, 2017.

  1. JohnTan

    JohnTan Alfrescian (InfP) Old Timer

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    [​IMG]
    Mr Bill Ng, chairman of Tiong Bahru Football Club, has made no secret of its winning formula - jackpot machines. The club boasts almost 19,000 members and has a clubhouse at the basement of People's Park Centre, where it has 29 jackpot machines.ST PHOTO: JONATHAN CHOO


    Campaigning in the upcoming Football Association of Singapore (FAS) election has been dominated by questions about a $500,000 donation to a regional footballing body made by Tiong Bahru Football Club, managed by Mr Bill Ng, one of the two contenders in the race.

    Mr Ng has been in a war of words with FAS general secretary Winston Lee over who knew about the donation and what it was to be used for, but the debate has also turned the spotlight onto the amateur club and how it managed to come up with a sizeable donation, while the rest of the sport in Singapore survives largely on handouts.

    A check by The Straits Times yesterday found that the side from the second-tier National Football League (NFL) had considerable financial muscle.



    For the financial year that ended in March last year, the club’s gross income was reported to be $36.8 million, an amount which eclipses the FAS’ budget of $35.8 million for the same period. Going back to FY 2010/2011, the club notched annual income figures ranging from $11 million to $36 million.

    Its expenses were of a similar magnitude, resulting in profits of between $140,000 and $700,000 for each of the seven years, going by Tiong Bahru’s annual returns, filed with the Registry of Societies. In FY 2009/2010, the club made $2.6 million but ended the year with a deficit of $19,000

    Asked about the club's finances, Mr Ng said that approximately 80% to 85% is returned to the player, or paid to winners who play the jackpot machines.

    "Normally, after payouts and taxes, the club only has about 7% of gross margins as surplus left for its operations costs."

    He added that the club would like to offer its accounting records for inspection by any agency.

    In comparison, Tampines Rovers from the top-tier S-League, a recognised local football powerhouse, had an income of $3.6 million in the FY 2013/2014.

    Mr Ng is leading a slate called the Game Changers to contest the FAS election. The 57-year-old corporate rescue specialist is chairman of both Tiong Bahru and S-League side Hougang United. Facing him is a side called Team LKT led by lawyer and former FAS vice-president Lim Kia Tong. The election will be held at the Sports Hub next Saturday.

    Although Tiong Bahru’s income numbers have not been made public before, Mr Ng has made no secret of its winning formula – jackpot machines. Tiong Bahru, which boasts almost 19,000 members, has a clubhouse in the basement of People’s Park Centre, where it has 29 jackpot machines. In previous interviews, Mr Ng has maintained that without the jackpot operations, the S-League would have folded long ago because depending on FAS subsidies was not the long-term solution.

    He is similarly credited with turning struggling Hougang into a profitable side, with returns from its jackpot operations. The Cheetahs are the only S-League club that operate without the $800,000 annual subsidy from the Tote Board. In 2014, the club registered a profit in excess of $2 million, and they have set up a $1 million scholarship fund for young footballers.

    News of Tiong Bahru’s incomes drew different reactions from sports officials. Mr Moklas Ma’arof, secretary of NFL Division 2 club Kembangan United, said: “I am very surprised by the figure. Most NFL clubs don’t even have $10,000 in their account and Tiong Bahru made more than $36 million.”

    Another official, who is more familiar with jackpot operations, did not bat an eyelid. He said: “Tiong Bahru’s profits are not surprising because it has 29 jackpot machines, which is a huge number. I have seen people hanging out in jackpot rooms from morning to night and it is possible for the club to make such a huge amount in one year.”

    Mr Ng issued a statement yesterday, in which he said the revelations over the last few days have been a “time to clear the air” for football in Singapore. While he acknowledged that friends have shared concerns that his team “has washed dirty linen in public, potentially even sullied (his) own reputation”, he insisted that “the public and football fraternity need to know the previous environment of administration... is... an unhealthy environment and needs to be cleared”.

    http://www.straitstimes.com/singapo...ru-fc-amassed-37-million-from-jackpot-revenue
     
  2. halsey02

    halsey02 Alfrescian (Inf)

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    Foot ball club...or gambling club?...they have 19,000 members, these members are not there to cheer their football team, but to gamble at the Jackpot Machines...what the use of a FOOT BALL CLUB...might as well call it by other name....like Tiong Bahru Casino?? no??

    I have been to the basement of PP Centre to go to the P.O. many times, saw this club looking thing there...that is TB Gambling Club..oops! TB Football Club...saw many ah sor going in...
     
  3. JohnTan

    JohnTan Alfrescian (InfP) Old Timer

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    SINGAPORE: Plain clothes investigators were seen at the headquarters of the Football Association of Singapore (FAS) and the premises of three local football clubs on Thursday (April 20).

    The raids were conducted shortly after SportSG announced that it had filed a police report against Tiong Bahru FC for the misuse of club funds and an alleged attempt by a senior club official to obstruct the completion of audits of S.League sit-out clubs.

    The police have confirmed that the report was lodged and that it will take appropriate action against "any persons who have committed offences in Singapore".

    Local media gathered were not allowed to enter the FAS office. As of 8.45pm, officers were still seen inside the building.

    A team of investigators also visited Tiong Bahru FC’s clubhouse at People’s Park Centre at Upper Cross Street.

    [​IMG]

    A group of plain clothes officers were seen carrying empty cardboard boxes into the premises.

    [​IMG]

    At Hougang United FC's office located at Hougang stadium, officers seen loading up filled cardboard boxes into police vans.

    Channel NewsAsia understands that the offices of Woodlands Wellington FC were also raided by investigators.

    Bill Ng, who is vying for the FAS presidency and leads the Team Game Changers slate in the leadership election on Apr 29, is the chairman for both Hougang United FC and Tiong Bahru FC.

    In its statement on Thursday, Sport SG expressed concerns over Bill Ng's S$500,000 donation to the FAS in 2014.

    Mr Ng told reporters that the national footballing body had asked him for a donation rather than a sponsorship for the now-defunct football club LionsXII but the general secretary of the FAS Winston Lee produced evidence he claimed rebutted Mr Ng's claims and showed that Mr Ng was fully aware that his S$500,000 donation was meant for the ASEAN Football Federation.

    Channel NewsAsia has contacted the Singapore Police Force and the Corrupt Practices Investigation Bureau (CPIB) for comment about Thursday evening's events.

    http://www.channelnewsasia.com/news...id-fas-3-football-clubs-premises/3692920.html
     
  4. AhNehs

    AhNehs Alfrescian Old Timer

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    mini casino disguised as football club. all over the sinking island. haha :D
     
  5. virus

    virus Alfrescian Old Timer

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    cheebye jiak liao bee must be upset smaller clubs better managed then national club and decided to set them up
     
  6. blissquek

    blissquek Alfrescian Old Timer

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    I approached the counter and they offered for one year free membership ..because i hold a Genting Gold card .. they just want people to go in and feed the machines.
     
  7. AhNehs

    AhNehs Alfrescian Old Timer

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    never been to any of these ... i wonder what's their clientele profile rike? chinatown ah neh and ah soh?
     
  8. Narong Wongwan

    Narong Wongwan Alfrescian (Inf)

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    For those kena banned from casinos.
    Or too cheapo to pay $100 levy
     
  9. gongkia

    gongkia Alfrescian Old Timer

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    Two lucrative business models:
    1. Running a MLM aka Mega Church disguised to spread the 'Grace' of God

    2. Operating a jackpot club disguised as a football club

    Option 1 is the best and risk lowest!
     
  10. tyudm

    tyudm Alfrescian Old Timer

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    In the first place why did the Gaming Authority allowed football club to operate jackpot?

    Maybe the one who gave the green light needs to be investigated as well.
     
  11. Bonut

    Bonut Alfrescian Old Timer

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    Hosay liao ! Tiong Bahru FC can buy Cristiano Ronaldo liao !
     
    1 person likes this.
  12. frenchbriefs

    frenchbriefs Alfrescian (Inf)

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    I think there's another at hougang stadium? Stumbled upon it when I went to a poker game in hougang two years.Saw alot of uncle's and aunties hanging around the stadium so I decided to take a look,was surprised to see a large room full of slot machines.didnt know such things existed in SG.
     
  13. frenchbriefs

    frenchbriefs Alfrescian (Inf)

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    football club earning thirty six million dollars a year.....i bet Peter lim wishes he owns Tiong bahru football club instead of valencia.

    maybe peter lim ought to take a page from Tiong Bahru's book and install slot machines all over Mestalla stadium.
     
  14. frenchbriefs

    frenchbriefs Alfrescian (Inf)

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    i bet those cardboard boxes contains money,stacks and stacks benjamin franklin drug dealing money.look at how many boxes is inside that goddam van,how much paperwork can a gambling parlour have?whats this AHTCP town council book keeping audit?

    [​IMG]
     
    Last edited: Apr 21, 2017
  15. halsey02

    halsey02 Alfrescian (Inf)

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    3. Running a political party, with infinite supply of money called CPF.

    The last one, is the best option, in which people running option 1 & 2 & others, take after.;)
     
  16. halsey02

    halsey02 Alfrescian (Inf)

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    Encik....ants till you C, had been running slot machines for many years.....one of my distant aunty, working at the supermarket lost her life savings in their club playing slot machines...."after work, relaxation"...."RESPONSIBLE ENTERTAINMENT"..or gambling!.
     
  17. zhihau

    zhihau Alfrescian (InfP) + S-Mod Old Timer

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    Altogether now!!! Huat ah!!!
     
  18. virus

    virus Alfrescian Old Timer

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    Pls lor if student guild can hv it nothing wrong for even span joms
     
  19. virus

    virus Alfrescian Old Timer

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    Could br rigged election papers
     
  20. virus

    virus Alfrescian Old Timer

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    Who did she vote for?
     

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