with the Straits Times where he mentioned that the club had"rejected" the decision by the association.
"It is sad the FAS has not engaged us in this matter and heard us out before it reached this decision, and we hope to hear from the FAS soonest over this decision to have Warriors sit out the 2020 season."In its response to media queries, the FAS confirmed that it had written to the club, instructing it to sit out of the SPL and Singapore Cup for the next season.“The decision to instruct WRFC to sit out the upcoming season was made in the best interests of the club,” said the FAS.
“At present, WRFC remains liable for a significant amount of debt owed to employees/players and social/tax authorities. These outstanding liabilities have also been the subject of court proceedings against WRFC. This situation has persisted for some time, and the amounts remain substantial. There might be further debts to which FAS may not be privy to.
During the sit-out period, Warriors should focus efforts to consolidate its resources and not incur any additional liabilities without the assurances of new revenue streams, added the FAS.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football: Troubled Warriors FC told to sit out 2020 Singapore Premier League; club chairman rejects decisionSINGAPORE - The Football Association of Singapore (FAS) has instructed the Singapore Premier League's most storied club, Warriors FC, to sit out the upcoming season.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
City Gas prices to fall 4.2% from January to March 2020SINGAPORE: Gas tariffs for households will fall by 4.22 per cent or 0.76 cents per kilowatt hour (kWh) from Jan 1 to Mar 31 next year, City Gas ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo 2020 to take measures after asbestos found at venue: AsahiTokyo 2020 organisers will take 'emergency countermeasures' after asbestos was found at the water polo venue for next year's Games after initially ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US dollar trims annual gains in low volatility year, more action seen in 2020SYDNEY (REUTERS) - The United States dollar was on the defensive on Monday (Dec 30) in light year-end trading after suffering a setback the previous session, as hopes of a US-China trade deal lifted investors' risk appetite, sapping safe-haven demand for the greenback.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Electricity tariff to rise 3.5% in January-March to hit 5-year highSINGAPORE: Household electricity tariffs will increase by an average of 3.5 per cent for January to March 2020, said utility SP Group on Monday ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong to end year with multiple protests, kick off 2020 with big marchHONG KONG — Hong Kong will end 2019 with multiple protests planned for New Year's Eve and New Year's Day aimed at disrupting festivities and shopping in the Asian financial hub, which has seen a rise in clashes between police and protesters since Christmas.
Source: TODAYonline - 🏆 1. / 99 Read more »