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Football Association of Thailand deeply in debt

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From Pattaya Mail / TNA

BANGKOK, Thailand – Nualphan Lamsam, president of the Football Association of Thailand (FAT), announced plans to file a civil lawsuit against former president Somyot Poompanmuang and his former board members over a 360 million baht ($10 million) debt.

Their actions allegedly caused significant damage, resulting in the association having to compensate Siam Sport Syndicate Public Company Limited a sum of 360 million baht.

Nualphan also known as “Madam Pang”, the current president of the Football Association of Thailand, expressed her emotions with tears when discussing the Supreme Court’s ruling that ordered the Football Association to pay compensation to Siam Sport Syndicate Public Company Limited amounting to 360 million baht plus interest from the filing date until full payment is made.

The total amount is estimated to exceed 500 million baht when including approximately 200 million baht in interest.

The incident occurred during Pol. Gen. Somyot’s tenure as president and involved the previous board of directors in 2016, when they unfairly terminated the contract with Siam Sport.

Continues at

https://www.pattayamail.com/thailandnews/thai-football-chief-announces-to-sue-predecessor-over-360-million-baht-debt-493691

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