THE Malaysian Football League (MFL) have announced that they will not pay out the second portion of the broadcasting rights money owed to M-League teams.
This, according to MFL president Datuk Hamidin Amin, is due to the need to restore their shaky financial situation.
Hamidin, who chaired an extraordinary general meeting at a hotel in Petaling Jaya yesterday, said that despite their shaky financial standing, they still managed to distribute a total of RM24 million from the rights money to the clubs and teams on July 15.
Of the total, each Premier League team received RM500,000 while Super League sides were paid RM1.5 million each.
“But we have explained to the board and our members that for 2019, we no longer have broadcasting rights money for distribution,” said Hamidin.
“We will announce, maybe at the beginning of January or as soon as possible, how much will be paid out for next season, without having two separate payments. The amount will be finalised.”
He said that based on MFL’s statute schedule 7 (distribution of income to league partners) and 7A, the amount to be distributed to stakeholders will be decided by the MFL board of directors should earnings from broadcasting rights and commercials be less than RM18 million.
Hamidin also explained that from 2021 onwards, all monies will only be distributed at the end of the year.
For the record, M-League teams were told that they would receive annual broadcasting rights payments this year after Telekom Malaysia (TM) came on board with a RM480 million eight-year deal.
However, at the beginning of the year, TM and MFL had a falling out and that led to a period of uncertainty over the payments to be disbursed to the teams.
In July, MFL announced that the teams’ payments from broadcasting rights would be paid out as announced following the emergence of new shareholders — Enervive Consultancy Sdn Bhd — as part of their M-League broadcasting rights structure.
Then came yesterday’s knockout blow.
The MFL extraordinary meeting also agreed to rectify their statute regarding the position of their chief executive officer (CEO).
“It’s decided that the CEO will not be a part of the board of directors as stated previously in article 16.1 of our statute. The rest have agreed,” he said.