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Rinani Signs Share Sale Agreement For KLCFC

Company acquires majority stake in football club from KLFA Forth from L-R: KLFA president Khalid Abdul Samad, Political Secretary to the Prime Minister, Azman Bin Abidin, Stanley Bernard, Managing Director of KLCFC, Datuk Seri Noor Azerai Ahmad, Rinani director Azri Azerai Rinani Group Berhad (“Rinani” or “the Company”), a financial consulting firm, is pleased to announce that the Company has signed a share sale agreement (“SSA”) with the Kuala Lumpur Football Association (“KLFA”) to acquire a majority stake in Kuala Lumpur City FC Sdn Bhd (“KLFC”), the owner of the KL City FC (“KLCFC”) football club. Rinani director Azri Azerai said, “The SSA officially makes Rinani the majority owner of KLFC. We pledge to bring KLCFC’s performance on the pitch to a higher level by concentrating on coaching, player recruitment and youth development and we promise our fans better engagement and experience for their money’s worth. Besides the game, we will also focus on enhancing the revenue stream