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Posts Tagged ‘FAS’

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

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

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?

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

“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.

More on FAS’s cynicism

In Footie on 10/10/2016 at 10:31 am

Someone shared the u/m in Facebook

— Fandi appt was “stolen”; and

— FAS mgt now calls EOGM without consulting others

Dear FAS

What is wrong with you guys, the INCUMBENT TEAM at FAS?

You say one thing to cull off the AGM and then now you call for EOGM without making one attempt to engage in dialogue or consultation or discussion with us and come to some form of agreement on the proposed amendments.

If you can’t even consult with us on such stuff, can we trust your team to run FAS for the next 4 years and take on board the interest of the 46 stakeholders?

This is the final nail in your coffin of running FAS as your own kingdom without consultation with the real people that matter, the stakeholders. We need you and your team to be thrown out with the bath water!

We need a new team at FAS. This must not comprise even one of the existing incumbents.

I know you will go around to gain votes by promising the world and a little more but if you cannot be trusted to consult on the constitution, rest assured, it is my firm view you cannot be trusted to consult the stakeholders on all aspects of FAS for the next 4 years.

Also it’s appalling that FAS hires Fandi when the new team should determine the staff issues for the next 4 years. For the record you have shamelessly stolen this idea from Vengadasalam Rengayyan who proposed hiring Fandi Ahmad and making him an ambassador for Singapore Football. This was in our planned manifesto and Venga had spoken to Fandi Ahmad about this. Now you have hired him to go and … spread the incumbent’s FAS ” vision” and soften the ground with the stakeholders.

For the rest of the issues I have raised, read it for yourself on the New Paper report by Shamir Osman.

Yours faithfully

Alfred Dodwell

Three cheers for FAS’s cynicism

In Footie on 09/10/2016 at 9:41 am

I’m very happy that Fandi will be responsible for local youth football. See below* a comment by Edwin Tong MP who I did not realise until I read the FB u/m post was involved with the FAS.

But I cannot help but think that the bad publicity the FAS has been receiving over

— the proposed changes to its constitution;

— an AGM that was over almost as soon as it started;

— that there will teams contesting to run the FAS**and

— the “peanuts” ($70,000 a year) being spent on local footie compared to the high salaries of the top five officials (around $1.5m a year) and the millions amount spent on the Lions XII (money well spent in my view),

was responsible for this piece of good news for local football.

FAS needed some good publicity and what better way than to wheel out kampong boy made good who then fell on hard times and then recovered (whether with or without FAS’s help has been a point of contention and bad blood between the two***), and now has a FAS pension.

What do u think?

Here’s another question: Is Mah Bow Tan (Remember his 1998 call for S’pore to play in the 2010 World Cup?) advising China on its bid to win World Cup by 2031? This tot struck me when I read a BBC report that Chinese fans are outraged that China lost to Syria lessening its chances of playing in the next World Cup Thttp://www.bbc.com/news/world-asia-china-37582501

 

——

*Edwin Tong
5 hrs ·
TNP website
·
I am very glad that we have managed to agree a long term deal with Fandi, to have him oversee youth football in Singapore over the next few years. In all our discussions, it was always made clear that the FAS wanted him to stay. And on his part, as he says, his heart was always set on staying, even as many good offers came pouring in for him. He grew up in the kampongs here. Didn’t start with much, but made such a difference to Singapore football when he was playing in the fabled No.17 shirt. Now, we look forward to Fandi inspiring a whole new generation of young, talented and precocious footballers in Singapore. All the best!

**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.

***For what’s it worth, I think FAS did help him financially. But he tot he deserved more.On that point I don’t know.

LionsXII

In Footie on 08/10/2012 at 8:53 am

Relax guys. Juz go out and make sure that Armed Forces don’t score. And try to nick a goal. We can’t expect more than that.

BTW, I smell a rat in the plan to dismember the LionsXII squad. FAS and its Serbian coaches afraid that LionsXII (an almost all local affair) will show how FAS and the Serbian mafia have wrecked our local teams? The govt and S’poreans should remind them that the “S” in FAS stands for “S’pore”, not “Serbia”.

FAS: Learn from Chelsea

In Footie on 29/03/2012 at 8:52 am

FAS is trying hard to justify why our local footballers and coaches are no damned gd. Well they are not paying attention to what the Lions XII are doing. But then Sundram is not an ang moh from Serbia. He is juz yr ordinary S’porean. Worse he is a local Indian, not one of the Aryans. His team performs but as he isn’t an Ang-moh, not an FT Indian, so he must be lucky, FAS must be thinking.

Meanwhile, the rot continues.

Well look at Chelsea. It was really having a rotten season. Then the owner decided to sack the manager, and appointed his deputy to see through the season. Well the season has turned round and Chelsea beat Benefica away. http://www.bbc.co.uk/sport/0/football/17441653

Chelsea fans and the owner can juz smell a European League final.

So maybe FAS, juz change the top guy. He has had years to prove himself.