Fifa asking for 100million from Singtel.

[makapaaa]

<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>

Coffeeshop Chit Chat - Fifa asking for 100million from Singtel.</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>WongKanSeng <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>2:53 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 10) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>27239.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Now we know. The 2010 World Cup can be shown in Singapore if Fifa is paid six and a half times as much as SingTel's five senior executives and board of directors were paid in the last financial year.
That's right. Fifa is asking for nearly 100 million Singapore dollars (about $72 million), reports the Straits Times.
Five senior SingTel executives were paid a total of more than 10 million Singapore dollars in the financial year ended March 31, 2009.
SingTel also paid more than 5.2 million Singapore dollars in directors' remunerations, according to its annual report.
That's a total of more than 15 million Singapore dollars paid to 17 people for the whole year.
Fifa wants nearly 100 million Singapore dollars for the month-long World Cup starting in June.
"Fifa has been asking for an unreasonable amount," said SingTel CEO Allen Lew.
"SingTel is financially responsible to its shareholders. And we have doubts whether Singaporeans are willing to pay so much."
True, if SingTel wants to pass the entire cost to subscribers, they might baulk.
But is Fifa being unreasonable?
It must have an idea of what SingTel can and cannot afford.
SingTel group's (SingTel and Optus) operating revenue rose 5.4 per cent to 4.1 billion Singapore dollars in the second quarter ended September 30, 2009.
Underlying net profit was up 19 per cent to 952 million Singapore dollars, adds the SingTel report.
So can SingTel afford to pay 100 million Singapore dollars for the World Cup?
Why, that's more than 10 per cent of its second quarter profit!
http://www.pressrun.net/weblog/2010...utm_campaign=Feed:+rana+(Blowin'+In+The+Wind)
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[singveld]

i guess there will be no world cup , well legal world cup anyway.
sinkies have to watch via malaysia, indonesia and internet.

 

[Ah Guan]

Sepp Blatter: This World Cup we intend to chop the Temasek carrot head with 2 knives instead of 1

 

[VIBGYOR]

No Soccer?

Get a DISH!

 

[BlueCat]

well,we cannot blame SingTel if they decide not to accept Fifa's terms.
but at least we can still see some selective live matches...i believe.

 

[singveld]

i have a massive headache looking at it.

stop it, you idiot.

 

[Shin Orochi]

Tee Kee! You moron! You want me to kick your ass is it? If you don't modify your post soon, you are gonna have to say goodnight soon! :oIo:

 

[jw5]

My suggestion is to get it from the ministars.
$5 million each * 20.

 

[ChaoPappyPoodle]

I tot the singtel people said that FIFA's fee is a secret. Why the tell-all now?

The idiots that bid $400 million for eight months of EPL must surely have realised that a World Cup has a wider audience and happens once every four years and hence a reciprocal fee is required. $100 million isn't that high considering that the idiots paid $400 million for EPL.

This is just another way for GLC scums to dig out more money from Singaporeans. And why is that PAP lackey that runs FAS not have anything to say about this!

You all have to start educating your loved ones and friends on why they need to vote out the PAP, a fascist political party that has no interest of the country other than themselves and their family members and their friends.

The PAP is running Singapore and Singaporeans to the ground and selling the country out to anyone including drug lords and money launderers and cheap FTs and under-talented, over-priced FTs.

 

[Watchman]

The can wait for better condition like Singaporeans boycotting all .

Football is a waste of time and unrelated to Singaporeans .

 

[Microsoft]

Frankly... i dun blame FIFA at all... Looking at how the farking papaya squeeze dry the peasant n legalize corruption... if i m fifa... i ask for 100billion...

 

[0939]

FIFA thinks just becos our minister are paid millions and thinks that we citizens also very rich. What is 100 millions to us. <ust well go for the kill once every 4 years.