KLFA facing lawsuit after allegedly taking RM1 million loan?
KUALA LUMPUR: The Kuala Lumpur FA (KLFA) is being sued by a licensed moneylender, said BFM Radio.
Kuala Lumpur FA (KLFA) is embroiled in a legal dispute with Appasia Capital, a licensed moneylender, according to BFM Radio. The moneylender alleges that KLFA borrowed RM1 million from them in 2022 at an interest rate of 8.4 percent, and has filed a RM1.04 million lawsuit against the football club for the unpaid debt. Under the terms of the agreement, KLFA was expected to make three monthly payments of RM7,000 from July 17 to September 15, 2022, followed by a final payment of RM1 million on October 15.
However, the football club allegedly made only a partial payment of RM250,000 on September 27, 2022, and subsequently extended the outstanding amount by taking an additional RM250,000 loan in December. The defendants from KLFA have requested to dismiss the lawsuit with costs, claiming that they were not the office bearers when the loan was taken.
This lawsuit comes at a challenging time for Kuala Lumpur football, as KL City has twice appeared on FIFA's players registration ban list as the 2026-2027 Super League season commences.
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