Vietnam limits ownership of football clubs

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The directors of the Vietnam Professional Football (VPF) Company on Wednesday agreed not to allow anyone to own more than one football club in a league from next year onwards.

VPF, which is in charge of organizing Vietnam's top-flight V-League and second-flight First Division, had a preliminary meeting in Ho Chi Minh City to review operations of the 2012 season and discuss plans for the next.

Company Chairman Vo Quoc Thang said all the members agreed that nobody would be allowed to be the owner of more than one club in a league nor can he sponsor other clubs in the same league as his club in any way.

Thang said, "The decision was made based on the regulations of the International Football Federation (FIFA) and the Asian Football Confederation; and VPF cannot deal differently with Do Quang Hien [who is currently the owner of Hanoi T&T and sponsor of SHB Da Nang (V-League champs) and new promoters Hanoi."

That means Hien would have to withdraw all his sponsorships from SHB Da Nang and Hanoi if he still wants his Hanoi T&T club to participate in the V-League.

Regarding the appointment of a person to take charge of the VPF Vice Chairman's responsibility following the arrest of Nguyen Duc Kien for alleged violation of banking rules at two of his companies, Thang said he would have standing members of the company take over particular tasks.

At the meeting, the company's board of Directors also accepted the resignation letter of Luu Quang Lam, Deputy Director of VPF.

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