Winning a spot at the First Division in the 2013 season does not mean full happiness for the Ba Ria – Vung Tau football club as they are now struggling to find a sponsor, while the tournament will begin in the next two months.Under professional football regulations, any club competing in the First Division must be owned by a company, and the coastal province is setting up a joint stock company and calling for participations from local businesses. The toughest problem, however, is the annual capital of VND30 billion (US$1.4 million) needed to maintain the club’s operation. “It’s not easy to attract sponsorships as most businesses are hurt by the economic downturn,” said Phan Thanh Sang, deputy director of the province’s Department of Culture, Sports, and Tourism. The department has supported the club by providing them a bus for traveling, and is finding accommodation and training places for the team. There are not many wealthy businesses in the province, and some of the major firms already have their own sport teams, added Sang. Sang said they will develop a long-term plan for the team, and avoid relying too much on bosses who are business tycoons. Coach Nguyen Trung Hau said he needs more high-quality players. “Some players have shown interest, but due to the modest budget, the club has yet to talk with any of them,” he said. The province’s authorities admitted that VND30 billion is a big problem, but they will make all efforts to help the club qualify for the First Division. “But we badly need a sponsor who can help cover the players’ salaries and the club’s maintenance expenses,” deputy chairman of the provincial People’s Committee told Tuoi Tre. “But we will never give up,” he said. Meanwhile, Sang, from the province’s Department of Culture, Sports, and Tourism, said “grass has already grown under their feet,” as there are only two months until the season starts. “We will first use the VND4 billion from the 2013 budget of the team to cover training and competition expenses while waiting for the sponsorship,” he said.
More
Investor borrows $1.8bn to execute Long Thanh airport project in southern Vietnam
The bank loan has a 20-year term
Read more
4 Vietnamese footballers, including former Golden Ball winner, detained in drug probe
Three were regular starters in official lineups
10 hours agoHummels stuns Mbappe and PSG to take Dortmund to Champions League final
Mats Hummels headed in the only goal as Borussia Dortmund stunned Kylian Mbappe and Paris Saint-Germain in their Champions League semi-final second leg
15 hours agoHo Chi Minh City hosts Vietnam’s first-ever int’l pickleball tournament
The tournament boasted over 400 registered athletes
1 day agoVietnam debut 33rd, 13th in inaugural men’s, women’s FIFA futsal rankings
Brazil top both men’s and women’s charts
17 hours agoRoger Federer enjoys vacation with family in Vietnam’s Hoi An
This marks Federer’s first visit to Vietnam
1 week agoHighlights
Zero AstraZeneca COVID-19 vaccine doses left in Vietnam: NIHE
The vaccine doses expired in July 2023
Photos
Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi
He drew the virus, vaccine, and earth on the exterior walls of a house
Latest news
Zero AstraZeneca COVID-19 vaccine doses left in Vietnam: NIHE
The vaccine doses expired in July 2023
Qualified personnel, infrastructure key to developing Vietnam’s semiconductor industry: senior US official
Manpower is one of the main factors based on which the U.S. selected Vietnam as a strategic partner in the diversification of its semiconductor supply chain
Blaze damages 43 EVs in Vietnam’s Hoi An
The vehicles used dry batteries
4 Vietnamese footballers, including former Golden Ball winner, detained in drug probe
Three were regular starters in official lineups
Cambodia heedful of responsibility to give canal information to Vietnam: media
The Funan Techo Canal project is expected to commence late this year and be put into operation in 2028
Australia raises minimum savings for student visa, warns on fake recruitment
Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration
Investor borrows $1.8bn to execute Long Thanh airport project in southern Vietnam
The bank loan has a 20-year term
World's record-breaking temperature streak extends through April
The world just experienced its hottest April on record
Heavy rainfall dampens various parts of Ho Chi Minh City
District 12, Thu Duc City, and the two outlying districts of Hoc Mon and Cu Chi experienced thunderstorms
Vietnamese lender LPBank files for name change to ‘Fortune Vietnam Bank’
Its English name’s abbreviation will remain unchanged as LPBank