FOOTBALL CLUB BID: 'Thais fooled by Liverpool propaganda'
Published on May 27, 2004
Thaksin accused of conning public on merits of controversial investment
Academics and social critics yesterday accused Prime Minister Thaksin Shinawatra of deceiving the public over the worthiness of the Liverpool bid, as opposition to the controversial scheme reached new heights.
Leading social critics, including Prawase Wasi and senators Thongbai Thongpao and Sopon Supapong, joined Thammasat and Chulalongkorn legal experts in denouncing the Bt4.6-billion bid, now near completion after the Liverpool Football Club yielded to the Thai demand for two board seats.
The opponents, who include some members of the independent National Economic and Social Advisory Council (Nesac), are enraged by the government's decision to finance the Liverpool deal through a special one-off lotto.
The lottery's top prize of Bt1 billion has generated much excitement, although the government has never informed the public about Liverpool's financial standing and its business potential.
Signature campaigns have been launched by some Nesac members and Thammasat University academics, who described the Liverpool scheme as unconstitutional and immoral.
Thammasat law lecturers insisted on Monday that the investment plan violated Article 87 of the charter, which allows the government to invest in businesses only to protect national interests and provide key utility services.
Yesterday, the university's economics teachers attacked the scheme over what they deem its poor profit outlook.
An open letter signed by 30 Thammasat economics lecturers said Thaksin was getting badly confused over whether he was a national leader or businessman. It said he was luring the public into the scheme through propaganda.
They said the government, while drumming up its lottery hype, had displayed serious administrative and moral shortcomings by failing to tell the public that Liverpool - though highly popular - was a club at a crossroads.
The club has sacked its coach, is trying to sign a new, expensive deal with star player Michael Owen, and much of its financial future will depend on how well the team does in next season's Champions League competition. It is also planning to build a new stadium and recruit several world-class players.
"I have no idea why Thailand should risk Bt4.6 billion in a club that saw a 61-per-cent decline in net profit last year and shareholders did not get dividends," said Thammasat lecturer Vimut Vanitcharearnthum, himself a Liverpool supporter. "It's much more worthy to invest in the prime minister's [family] business empire."
Thaksin had initially said he and some business associates would buy Liverpool with their own money. Then he said the government would finance the bid, triggering widespread criticism that forced him to take the compromise option of lottery fund-rasing.
Now he is being accused of refusing to make a personal investment because he knows the business prospects of the deal are not that good.
"In a country where a lot of people still lack basic necessities, the government must think again and again before deciding where to put Bt4.6 billion, which can do so many more useful things," said Pokpong Junvith, another Thammasat lecturer.
"To say that this is something other governments dare not do is not quite correct. The truth is it's something other governments won't waste their time on because it's simply ridiculous. This kind of self-promotion will have an adverse effect because the thinking and mentality of the Thai leaders will be on show globally."
Nantawat Boramanand, a public-law veteran at Chulalongkorn University, said Thaksin and his government were getting confused about their roles.
"Government is for looking after its citizens, not for doing business,'' he said. "Our people are in trouble and need a lot of help, but our government wants to raise public funds to buy a foreign football club."
Chulalongkorn legal experts will release an editorial on Monday via its website, stating their opposition to the bid. The views of their Thammsat counterparts will also be published on the website.
Social critic Prawase said Thaksin was crossing the line that divides state power and the pursuit of personal agendas.
Senators Thongbai and Sopon plan to support the Nesac signature campaign, whose key members have accused Thaksin of abuse of power.
Sucheera Pinijparakarn,
Sathien wiriyapanpongsa
The Nation
-------------------------
PM: We should thank Boonklee
Behind every business deal of Prime Minister Thaksin Shinawatra, there is Boonklee Plangsiri, chief executive of Shin Corp. Boonklee has even cast his big shadow over the Liverpool deal, although Thaksin called his involvement a sacrifice Thais should thank him for.
Thaksin grew annoyed yesterday when asked by reporters why Boonklee, without any political or government position, had anything to do with the Liverpool deal. It is no secret that Boonklee flew to London to negotiate the terms of the acquisition of a 30-per-cent stake in Liverpool Football Club. Boonklee is recognised as one of Thailand's foremost deal-makers.
Thaksin defended Boonklee's role, saying he was using his expertise to help the country.
"Khun Boonklee is very knowledgeable in his field. We need to use those who are capable. This is a way to protect our interest [in the Liverpool deal], not seeking personal interests. Khun Boonklee travelled abroad and paid from his own pocket to help out the country. We should thank him rather than condemn him. Do you get it?" he said.
"As for the concern of several people that it might be a conflict of interest, I want to ask where the conflict is? The conflict could only hurt the toes of the Democrats."
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Published on May 27, 2004
Thaksin accused of conning public on merits of controversial investment
Academics and social critics yesterday accused Prime Minister Thaksin Shinawatra of deceiving the public over the worthiness of the Liverpool bid, as opposition to the controversial scheme reached new heights.
Leading social critics, including Prawase Wasi and senators Thongbai Thongpao and Sopon Supapong, joined Thammasat and Chulalongkorn legal experts in denouncing the Bt4.6-billion bid, now near completion after the Liverpool Football Club yielded to the Thai demand for two board seats.
The opponents, who include some members of the independent National Economic and Social Advisory Council (Nesac), are enraged by the government's decision to finance the Liverpool deal through a special one-off lotto.
The lottery's top prize of Bt1 billion has generated much excitement, although the government has never informed the public about Liverpool's financial standing and its business potential.
Signature campaigns have been launched by some Nesac members and Thammasat University academics, who described the Liverpool scheme as unconstitutional and immoral.
Thammasat law lecturers insisted on Monday that the investment plan violated Article 87 of the charter, which allows the government to invest in businesses only to protect national interests and provide key utility services.
Yesterday, the university's economics teachers attacked the scheme over what they deem its poor profit outlook.
An open letter signed by 30 Thammasat economics lecturers said Thaksin was getting badly confused over whether he was a national leader or businessman. It said he was luring the public into the scheme through propaganda.
They said the government, while drumming up its lottery hype, had displayed serious administrative and moral shortcomings by failing to tell the public that Liverpool - though highly popular - was a club at a crossroads.
The club has sacked its coach, is trying to sign a new, expensive deal with star player Michael Owen, and much of its financial future will depend on how well the team does in next season's Champions League competition. It is also planning to build a new stadium and recruit several world-class players.
"I have no idea why Thailand should risk Bt4.6 billion in a club that saw a 61-per-cent decline in net profit last year and shareholders did not get dividends," said Thammasat lecturer Vimut Vanitcharearnthum, himself a Liverpool supporter. "It's much more worthy to invest in the prime minister's [family] business empire."
Thaksin had initially said he and some business associates would buy Liverpool with their own money. Then he said the government would finance the bid, triggering widespread criticism that forced him to take the compromise option of lottery fund-rasing.
Now he is being accused of refusing to make a personal investment because he knows the business prospects of the deal are not that good.
"In a country where a lot of people still lack basic necessities, the government must think again and again before deciding where to put Bt4.6 billion, which can do so many more useful things," said Pokpong Junvith, another Thammasat lecturer.
"To say that this is something other governments dare not do is not quite correct. The truth is it's something other governments won't waste their time on because it's simply ridiculous. This kind of self-promotion will have an adverse effect because the thinking and mentality of the Thai leaders will be on show globally."
Nantawat Boramanand, a public-law veteran at Chulalongkorn University, said Thaksin and his government were getting confused about their roles.
"Government is for looking after its citizens, not for doing business,'' he said. "Our people are in trouble and need a lot of help, but our government wants to raise public funds to buy a foreign football club."
Chulalongkorn legal experts will release an editorial on Monday via its website, stating their opposition to the bid. The views of their Thammsat counterparts will also be published on the website.
Social critic Prawase said Thaksin was crossing the line that divides state power and the pursuit of personal agendas.
Senators Thongbai and Sopon plan to support the Nesac signature campaign, whose key members have accused Thaksin of abuse of power.
Sucheera Pinijparakarn,
Sathien wiriyapanpongsa
The Nation
-------------------------
PM: We should thank Boonklee
Behind every business deal of Prime Minister Thaksin Shinawatra, there is Boonklee Plangsiri, chief executive of Shin Corp. Boonklee has even cast his big shadow over the Liverpool deal, although Thaksin called his involvement a sacrifice Thais should thank him for.
Thaksin grew annoyed yesterday when asked by reporters why Boonklee, without any political or government position, had anything to do with the Liverpool deal. It is no secret that Boonklee flew to London to negotiate the terms of the acquisition of a 30-per-cent stake in Liverpool Football Club. Boonklee is recognised as one of Thailand's foremost deal-makers.
Thaksin defended Boonklee's role, saying he was using his expertise to help the country.
"Khun Boonklee is very knowledgeable in his field. We need to use those who are capable. This is a way to protect our interest [in the Liverpool deal], not seeking personal interests. Khun Boonklee travelled abroad and paid from his own pocket to help out the country. We should thank him rather than condemn him. Do you get it?" he said.
"As for the concern of several people that it might be a conflict of interest, I want to ask where the conflict is? The conflict could only hurt the toes of the Democrats."
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