Privatization of football team in line with FIFA and AFC directives for more professionally run clubs Kuala Lumpur Football Association (KLFA) president Khalid Abdul Samad (seated left) and Rinani director Azri Azerai (seated right) exchanging the agreement, witnessed by Youth and Sports Minister Hannah Yeoh (centre). Rinani Group Berhad (“Rinani” or “the Company”), a financial consulting firm, is pleased to announce the acquisition of Kuala Lumpur City FC (“KL City FC”), Asia's second-best team in the Asian Football Confederation (“AFC”) Cup last year, champions of the 100-year old Piala Malaysia in 2021 for the fourth time in the club’s history and winner last Saturday of the Federal Territory Minister’s Trophy for the second time. Rinani director Azri Azerai said, “We welcome KL City FC to the Rinani family, which consists of MGRC (Malaysian Genomics Resource Centre Berhad), Bintai Kinden Corporation Berhad, SCIB (Sarawak Consolidated Industries Berhad) and Reneuco Berhad w...
