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Posts Tagged ‘Bill Ng’

Bill the “donation” king/ A friend in need is not a friend indeed?

In Footie on 09/05/2017 at 3:57 pm

So why are cybernuts not commenting on the links between Bill Ng and Zainudin Nordin even though there’s paper trials galore about their connections? Because they that stupid isit? Or they think ex-PAP MP is really a good guy?

Before the FAS elections, the cybernuts of TRELand and other cyberspots where nuts and vermin infest, were cheering on Bill Ng’s Game Changers. The cheering has got even louder after the trashing Bill and gang got from the “We know nothing, nothing” side.

On the other hand they were and are still are dissing ex-PAP MP Zainudin, even though the evidence is that the two are close (and that’s even before the fact that both were arrested and out on police bail in connection with the same case.)

First there’s a donation of $200,000 that Bill arranged for LionsXII after a request from FAS (don’t know who in FAS made the request).

We also know that there is documentation “proving” that Bill donated $500,00o to AFF at the request of Zainudin. He disputes that but even Zainudin is not backing hi on this, see below.


Paper trails

TRE documented by way republishing my posts how close they were

— Tiong Bahru FC: Gambling not haram meh?: Zainudin is chairman of the mgt committee of TBFC and was originally slated to be TB’s chairman.

— What weed is ex-PAP MP smoking?: He’s adviser to one of Bill’s investments, and was once listed as a director (mistake lah it seems).

————————————————————–

And oh there’s a report that he got Bill to donate $100,000 to the PAP or it’s charity (Article not very clear on which but the word “PAP” appears prominently in the article). Google for it.

Then there is the allegation of grass-roots footie leaders (now retired) that Zainuddin was behind Game Changers. Ande we know Bill was spending money like water during the campaign (makan at Fullrton Hotel etc)

So it really does look like Bill was the ex-PAP MP’s personal ATM, or is it jackpot machine that kept on paying and paying?

So the ex-PAP MP’s silence on Bill’s claim that the ex-PAP MP had nothing to do with the $500,000 donation to AFF (despite documentary evidence to the contrary) is surprising, and reflects badly on the ex-PAP MP. Don’t help buddy isit? Despite buddy’s ATM or one-armed bandit paying and paying?

After all Billy did for him, the ex-PAP MP kept silent when a word from him could have helped Bill regain some credibility. Instead Bill had to spew this BS: http://www.todayonline.com/sports/football/bill-ng-replies-winston-lees-evidence-full-statement-here

But this ingratitude is not as surprising as the claim of cybernuts that Bill’s the good guy, but Zainudin’s the bad guy. The two have worked together as the above links show.

So either both are good guys or both bad guys. But then cybernuts are cybernuts.

Bill’s Game Changers trying to avoid 41 – 3 thrashing

In Footie on 29/04/2017 at 4:47 am

(Update at 1.00pm: Game Changers lost. “We know nothing, nothing” won by 30- 13 with one spoilt vote.  http://www.channelnewsasia.com/news/singapore/football-lim-kia-tong-elected-as-new-fas-president-8805466)

On Friday, ST carried photos of Bill attending a Game Changers’ function for the voters in today’s election.

“Game Changers’ spokesman Steven Tan said the dialogue had re-affirmed the affiliates’ belief in Mr Ng and his team despite the police probe.” – See more at: http://news.asiaone.com/news/singapore/fas-saga-emotional-bill-ng-back-win-affiliates-support#sthash.MenzOmDx.dpuf

We shall see if this is true today, given that more than 20 voting clubs were represented at the dinner.

Actually I hear the Game Changers are worried that the election will be a 41 – 3 victory to the other side (the “We know nothing, nothing” slade), which will be embarassing for all of them personally at the very least. At present Bill’s side only has three assured votes  (Tiong Bahru, Hougang and Tampines). Another four “assured” voters are wavering.

Whatever, I understand the the other side has the 30 votes to win.

Btw, here’s a good piece on the lineups: http://iandecotta.com/2017/04/28/fas-elections-change-versus-the-establishment/

Btw2, I keep hearing (but can’t confirm) from usually reliable sources that Zainudin, the ex-PAP MP that got arrested and released on police bail (together with Bill, Bill’s wife and Winston Lee) is the mastermind behind the Game Changers.

So he’s non-establishment now after running S’pore footie into the ground?

Do the TRE cybernuts cheering on Bill know about the allegation that the ex-PAP MP is the mastermind behind the Game Changers?

Extra time call 

Update at 10.35am: I’ve been contacted by people friendly to some Game Changers. Seems some of the Game Changers have gotten real and are now lobbying for voters to avoid giving the “We know nothing, nothing” slate the thumbs up. If neither side gets a two-thirds majority, then there’s a vote for each post.

That way, the more popilar Game Changers can get in.

Bill Ng’s favourite song?

In Footie on 27/04/2017 at 5:00 am

I started a joke which started the whole world crying
But I didn’t see that the joke was on me oh no
I started to cry which started the whole world laughing
Oh If I’d only seen that the joke was on me

Sounds like Billy started a joke that had him wife, ex-PAP MP, Zainuddin, and Winston Lee crying. It had to be a joke because how could Bill not know where the money went? He admitted this when he admitted signing the letter Winston Lee produced to rebut him. He no read isit?

Billy the Kid threw a stone at Winston Lee saying he didn’t know where his donation went to,

FAS produces letters, cheques to show that Bill Ng knew he was donating S$500k to AFF

http://m.todayonline.com/sports/football/fas-produces-letters-cheques-show-bill-ng-knew-he-was-donating-s500k-aff

Bill the jackpot machine that had kept paying and paying at the behest of some tua kee FAS officials replied that he was misled and “directed” to sign the letter that is evidence that he was lying.

More

then

resulting publicity that  his wife was collecting above market rents from his footie club

and

culminating in the arrest of himself, wife, ex-PAP MP and Winston Lee.

 

 

Bill Ng, wife, ex-FAS president and FAS gen sec arrested

In Footie on 25/04/2017 at 5:53 am

And then granted police bail.

ST just reported:

The four individuals connected to the Commercial Affairs Department (CAD) investigation into Singapore football are out on police bail. Bill Ng, his wife Bonnie Wong, Zainudin Nordin and Winston Lee are assisting the police in their probe into the suspected misuse of club funds at Tiong Bahru Football Club and an attempt to obstruct audits into clubs.

http://www.straitstimes.com/sport/football/ng-wife-zainudin-and-lee-all-out-on-police-bail

What this means is that all four were arrested and then granted bail by the police.

An accused may be offered police bail after his arrest and before he is charged in Court. Once the accused is formally charged in Court and until the case is concluded, the police bail granted may be extended or fresh bail may be offered at the first mention by the Court.

https://www.statecourts.gov.sg/CriminalCase/Pages/Bail-matters.aspx

What weed is ex-PAP MP smoking?

In Footie on 25/04/2017 at 4:43 am

Ex-FAS president Zainudin: I have no business dealings with Bill Ng

screamed the headline.

But he then says he advises a company connected with Billy the Kid. He has no “biz dealings”? What am I missing? Or should the police be asking him what weed is he smoking?

In other documents seen by TODAY, Mr Zainudin was also listed as a director on the website of private equity firm ESW Manage, which is a sponsor of Hougang United. ESW also described Zainudin as “the current president of the Football Association of Singapore”.

ESW was also previously listed as a company under the portfolio of Financial Frontiers, a private equity firm founded by Mr Ng.

ESW has since removed Zainudin from its list of directors on its website. It is also no longer listed as part of Financial Frontiers’ portfolio on the latter’s website.

In his reply to TODAY, Zainudin, a deputy principal (development) at the Institute of Technical Education College East, said: “I was appointed as advisor to ESW Manage in January 2017.

“My role is to advise ESW on their CSR work. This appointment was after my stepping down as President of FAS (in November 2016).

http://www.todayonline.com/singapore/ex-fas-president-zainudin-i-have-no-business-dealings-bill-ng

 

 

“Ownself praise ownself: What Billy the Kid says about himself

In Footie on 24/04/2017 at 4:57 am

So after

FAS produces letters, cheques to show that Bill Ng knew he was donating S$500k to AFF

http://m.todayonline.com/sports/football/fas-produces-letters-cheques-show-bill-ng-knew-he-was-donating-s500k-aff

Bill the jackpot machine that had kept paying and paying at the behest of some tua kee FAS officials replied that he was misled and “directed” to sign the letter that is evidence that he was lying.

Read the u/m from his co’s webside and wonder how can such a good deal-maker and bizman (albeit it’s “Ownself describe Ownself”) be “directed” to do something. Does this mean that he can also be “directed” again?

Wonder also why if he’s so smart as he says he is, why he started a rockslide by throwing a stone? The stone was the baseless allegation that he didn’t know where his donation was going to. The rockslide is the police raid, investigation and interview of Bill, his wife, an ex-PAP MP and ex-FAS president and the FAS’s secretary-general; and the stream of adverse media and new media revelations about FAS, Bill’s gaming operations and the ex-MP.

And then wonder why he left out working in “Ong & Co”, the stockbroking firm founded by his grandfather. He spent most of his stockbroking career there, though the parting there was not amicable.

Finally wonder why the other members of the Game Changers didn’t do their homework on Billy the Kid.

Corporate Profile

Financial Frontiers Pte Ltd is a Singapore-based private equity focused family office. We seek to create incremental tangible value for our investee companies by working alongside with them as partners and not just funders. We do so by building strong relationships with our investors, our portfolio companies as well as strategic partners to create a synergy to grow the business of our portfolio companies.

Over the past decade, together with a strong network of strategic partners, we developed investment strategies that have successfully identified and invested in companies with high growth potential in diverse industries. This enabled us to achieve superior risk-adjusted returns.

Financial Frontiers does not only invest in companies, we also provide robust investment management solutions, with a strong client focus to meet investment objectives.

We take into consideration of the knowledge and experience related to investing, risk profiles, financial situations and the constraints of each institutional and private client to provide tailor-made solutions.

Investment Team
Our investment team comprises investment analysts from diverse backgrounds with different expertise in multiple industries. The team is led by veteran investment professionals with years of investment experience.

Principal of Financial Frontiers

Bill Ng is a driven, open-minded and poised individual with a successful career spanning 32 years. He is able to balance and combine different skill-sets which allows him to work very well under pressure while maintaining a positive and professional demeanour.

Bill prioritizes and manages multiple tasks in order to ensure strict adherence to deadlines and objectives. He is a team player with excellent team-building and counselling skills which yields highly effective results in any endeavour.

This is particularly evident in his strong professional track record where he carved out a successful corporate career in venerable securities firms UOB Kay Hian and RHB-Cathay Securities. He has accumulated a vast client-portfolio, managing up to 120 dealers and remisiers.

At present, Bill demonstrates his strengths in management and teamwork as well as his expertise in investments. One memorable deal he pulled off was the listing of Cambodian-based gaming and entertainment company, Naga Corp, at the Hong Kong Stock Exchange (HKSE) main board. Raising HK$546 million, the public listing occurred on 19th October 2006 and is widely considered as a watershed event in HKSE history in terms of its industry complexities and governance issues.

Another company that Bill brought public in Singapore (2011) is CNMC Goldmine Holdings. It took six years for the gold exploration company to develop gold production capabilities, during which Bill continually brought in private equity funds to expand the business. It currently has a market capitalization of S$240 million.

In addition, Bill currently holds chairmanship of two clubs: Hougang United Football Club and Tiong Bahru Football Club. Chosen by the FAS to turn the clubs around, he has succeeded in doing so and in the process, created many employment opportunities. Both Clubs now boast good standings in their respective Leagues and are financially sound.

PRESENT PORTFOLIO
CNMC Goldmine Holdings Ltd.
Hougang United Football Club
ISR Capital
Mobile Credit Payment
Windsor Place
~~~~~~~~~~~~~~~~~~~~~~~~~

http://www.frontiersgroup.com.sg/about-us


 

 

 

 

Tiong Bahru FC: Gambling not haram meh?

In Footie on 23/04/2017 at 5:51 am

It’s clear that Tiong Bahru FC (TBFC) is a gambling club (29 one-armed bandits generating $36m ++ in revenue) with a football team (expenses of $0.2m –) attached.

One of the most profitable clubhouses among local football clubs, Tiong Bahru, which plays in the first division of the amateur National Football League (NFL), generated a total revenue of S$36,736,775 from its fruit machines in the last financial year.

The clubhouse currently has 29 functioning fruit machines. That is more than triple the eight machines that S.League club Balestier Khalsa has at the Toa Payoh Stadium, and almost double the 15 machines that Albirex Niigata (S) has at its clubhouse, also in Toa Payoh. It paid out around S$23 million in winnings in 2016 …

The club paid its 15 employees S$2.073 million in salaries in 2016, and also forked out an additional S$528,000 for staff training, uniforms and staff welfare. But spending on its football team was a more modest S$169,000.

After accounting for its various expenditures — which includes employee compensation, paid out claims, tax on takings, rental fees and expenses for accessories for its football team — the club earned a profit of S$604,542 in 2016.

http://www.todayonline.com/sports/modest-clubhouse-pays-almost-s1m-rent-and-s207m-salaries

The chairman of TBFC’s general committee is listed as former FAS president Zainudin Nordin, an ex-PAP MP. Readers will know that PAP Malay MPs are Malay community leaders. So it seems suprising that  Zainudin Nordin is happy to be associated gambling, even if he’s no longer a PAP MP.

And it seems in 2016 (he stepped down as MP before 2015 GE) he was slated to become chairman of TBFC (a separate, and more senior and powerful post) but then declined.

He’s also helping the police in its investigations over alleged irregularities at TBFC and FAS.

And there’s more: http://www.todayonline.com/singapore/ex-fas-president-zainudin-i-have-no-business-dealings-bill-ng

One cannot help but wonder if there were QC problems in the PAP? After all the PAP prides itself in choosing “whiter than white” people as MPs.

 

 

 

FAS elections: Do the other Game Changers know the name of Bill Ng’s wife?

In Footie on 21/04/2017 at 4:52 am

Update on 22 April at 4.35am: Double confirmed, Bonny Wong is still married to Bill Ng. They’ve been called up for questioning by the police http://www.todayonline.com/sports/bill-ng-questioned-police-after-raid-three-football-clubhouses-and-fas

(In case anyone doesn’t know, Game Changers is the name of the Bill Ng led team that is contesting the FAS elections. And he has been alleging irregularities in a donation made to FAS*.)

When I knew Bill Ng in the 1990s (it wasn’t a pleasant experience), I met his wife Bonnie Wong, a Hongkie lady. Good looking, sassy lady.

So I was laughing when I read that Tiong Bahru FC was paying rent to a company owned by Bonnie Wong

TODAY found that Tiong Bahru also paid around S$960,000 in total rent in 2016 to the unit’s landlord, Polygon Ventures, which is listed on the Accounting and Corporate Regulatory Authority (Acra) as a company dealing in general wholesale trade. That works out to be about $80,000 per month.

The listed owner of Polygon Ventures is Bonnie Wong Yuk Ying, who TODAY understands shares the same residential address as Ng.

With the clubhouse measuring 2,583sqf, it means that the rental amounts to S$31 per square foot.

In contrast, a check showed that other basement units in People’s Park Centre are charging between S$2.92 and S$11.23 per square feet in rent. The only unit charging S$31.50 per square feet in rent is located at street level, and measures only 200sqf.

While Ng is understood to be running the club, the chairman of TBFC’s general committee is listed as former FAS president Zainudin Nordin.

Btw, I owe him an apology because I got one thing wrong about him: I tot he wouldn’t organise a slate to contest the FAS election. Here I wrote:

Those of us who had dealings with Bill Ng in his stockbroking days can testify that he is a talk cock sing song artiste, No Action, Talk Only. He’s carried this over to footie mgt: witness his so-called bid for the storied Rangers FC, and the absence of his slate to run FAS at the AGM. He’s a used car salesman.

I predict that his slate will not materialise.

I’m still wondering why Bill Ng threw stones when he was was living in a bungalow made of glass even though I’m sure that if he’s still married to Bonnie Wong, all the legal niceties were followed in the agreement to pay rent to a biz owned by her.

My other posts on him

Billy the Kid in the 90s

Billy and his fighting footie team 


*FAS produces letters, cheques to show that Bill Ng knew he was donating S$500k to AFF

http://m.todayonline.com/sports/football/fas-produces-letters-cheques-show-bill-ng-knew-he-was-donating-s500k-aff

Bill the ex one-armed bandit that had kept paying and paying at the behest of some tua kee FAS officials replied that he was misled and “directed” to sign the letter that showed he was lying.