Football

Businessman eyes majority stake in troubled KL City

KUALA LUMPUR: Businessman Datuk Seri Megat Shahriman Zaharudin could become the new owner of troubled KL City as he has expressed interest in becoming the majority shareholder of the Super League side.

Shahriman, the president of the Paralympic Council of Malaysia, confirmed to Timesport his ambitious plan of acquiring a 51% stake in KL City despite the club's financial woes.

Salary payments to players for May and June have been delayed due to budget issues.

It would be Shahriman's first venture into football if his offer is accepted.

"I have submitted a letter of intent outlining the terms of the acquisition to KL City CEO Stanley Bernard and Kuala Lumpur FA secretary-general Nokman Mustaffa.

"I aim to revitalise the club and foster community ownership, aligning with FIFA and AFC's vision of inclusive football," said Shahriman.

Shahriman's vision is to enhance the club's commercial potential and establish a sustainable operational framework.

"I want KL City to be more than just a football club.

"The goal is to see KL City having their own home ground, which would become a community pride similar to Manchester City's Etihad Stadium and Bayern Munich's Allianz Arena," he said.

As Shahriman's offer awaits approval, he is optimistic about the transformation he could bring to KL City if he becomes the majority shareholder.

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