KONI Foundation to submit business plan
KONI Foundation to submit business plan
JAKARTA (JP): The National Sports Council (KONI) Foundation
will submit its business plan to the council's executives in ten
days following appointment of new officials.
"The foundation will hold fund-raising activities to help KONI
finance sports activities in Indonesia. KONI can concentrate on
how to improve our sport achievement," the foundation's vice
chairman Farid Aidid told a press conference on Tuesday.
"We already have the business plan, but we can't divulge it
before presenting the plan to KONI's executives."
Also present were KONI spokesman Ahmed Solihin, the foundation
chairman I Nyoman Dhamantra, vice chairman Jodjana T. Djamain,
and secretary Connie R.L. Bakri.
Farid said the foundation would work all year to raise more
funds regardless of whether there was an event or not.
Currently, KONI's business and industry commission, in which
Farid is also involved, handles the funding for sports events.
"With the presence of the new foundation executives, the
commission will only set guidelines rather than being involved in
the technical aspects," said Farid.
Ahmed said the foundation was established in 1995 in
consideration of KONI's financial and technical assistance needs.
"Previously, the foundation's officials were top officials or
conglomerates but it didn't work," he said.
"That's why KONI decided to appoint professionals to run the
foundation to earn greater yields," he added.
The expectations, however, seemed to be too high considering
the executives failure to give a hint of the foundation's
business plan.
Nyoman, for example, failed to deliver a solid business plan
to help finance the Kuala Lumpur 2001 Sea Games, relying on the
government to take up the burden.
"We are waiting for the government to commit to help finance
the Rp 100 billion (US$ 11.2 million) Indonesian contingent to
Kuala Lumpur," he said.
"We'll use some kind of partnership to realize the target
because we have a lot of resources," he added.
Nyoman was then pointing to Indonesia's crude oil production
of more than 1.4 million barrels per day as one the financial
resources.
"Let's assume the government granted the foundation a grant of
25 US cents for 100,000 barrels per day. It means the foundation
can get US$ 25,000 a day," he said.
"That government commitment is important to help finance the
contingent. It's impossible to get so much money in such a short
period without government help," added Nyoman.
He said the foundation was still selecting lines of business
for the future and establishing directions for their business.
When asked about the income target during their four-year
tenure, he said the foundation had to follow KONI's program and
that those issues were yet to be discussed. (nvn)