Divine intervention for CMFC?

There is little new to report this morning but:

Mr. BubbleYingrak on facebook remains 90% confident that CMFC will continue.

But CMFC fans should be aware that the new investors need to pay in full before the end of the day on Friday this week.

A couple of sources have reported that a deposit has already been paid by the investors to K Sand to start the process of changing the team owner. The deposit will be used to start paying off amounts owed to players and staff.

But we need to wait over the next few days for the new investors to pay the balance due and then for K Sand to use the money to clear the debt.

There was also a report that K.Sand’s family (the previous owners of CMFC up to 2016) would help to clear the debt to avoid further legal action.

Forgive a certain cynicism. The legal ownership structure may require the funds to move through K Sand but why would anyone trust him with a $ of their money – we are talking about the man who took supporters’ funds given to the club for the 25th anniversary shirts and never passed these funds onto KELME and never explained how those funds were used.

While anything that helps CMFC to survive is very good news K. Sand’s continuing involvement creates an unnecessary degree of risk.

Who are the new investors? Again a couple of sources have mentioned the football academy at MaeRimWittayakon school and their related Christ FC football club (does that explain how we have risen from the dead?)

This could be an arrangement that mirrors the successful structure at Nongbua Pitchaya FC; where during the 2014 season Suthep Poomongkolsuriya, owner of Pitchayabundit College, a private university in Nong Bua Lamphu completed his takeover of the club; and a flourishing football academy has been developed.

Potentially this is great news for the local community and could be a massive boost for crowds at the nearby 700th anniversary stadium.

For now the issue is getting a deal over the line before the weekend.