Hong Kong Football Association Statement

2019-07-12

The Hong Kong Football Association wish to clarify matters following Dreams FC statement on the 11th July 2019 that the club is withdrawing from the Hong Kong Premier League due to being giving notice from the HKFA that each Premier League club is required to deposit HK$ 2,000,000 in the Football Association account.

 

1. It is a requirement of the AFC and HKFA Club License that clubs in the professional league must prove that the club is financial sustainable and also prove that the club has no non-payment to any players or club staff and officials. Due to continued rumours of non-payment to players the HKFA requested Dreams FC to prove that the club has paid all players and staff according to their contracts. The club was given 48 hours to respond to the HKFA and failed to reply.
   
2. The Hong Kong Football Association Board of Directors at a meeting on the 17th June 2019 discussed that in the event that any club cannot guarantee financial sustainability and to protect the players and staff from non-payment that the HKFA may request clubs to make a financial deposit. The subject was discussed, but no decision was made to implement requesting clubs in the Hong Kong Premier League to make such a deposit and it is not a requirement for the 2019-20 season.
   
3. The HKFA has not asked Dreams FC or any other club in the Hong Kong Premier League to make any deposit as stated by Dreams FC.
   
4. The HKFA Board of Directors will discuss Dreams FC request to play in HKFA Division 1 following the club’s withdrawal from the Hong Kong Premier League at a Board of Directors Meeting on Monday 15th July 2019.