emmanuelsamarathisa

281 posts

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emmanuelsamarathisa

emmanuelsamarathisa

@esshimself

Following the money in Malaysia. Editor @themalaysianist. tips: dms open

Kuala Lumpur Beigetreten Mayıs 2018
624 Folgt21.1K Follower
Hong
Hong@whon9·
@esshimself Is Farhash being dumped by AI?
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
Re: NexG tussle The glue here is Victor Chin, who's allegedly part of the so-called "corporate mafia", which he denies. First he teamed with Farhash, then jumped ship to Ishak Ismail's camp. So while the Anwar chump in NexG changed face, the backer/spine remains.
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emmanuelsamarathisa@esshimself·
"Corporate mafia" ties are igniting. Frozen accounts. Lawsuit. Boardroom tussles. Alleged weaponisation of enforcement agencies. Names (past and present) linked to PM Anwar Ibrahim. Huge governance problem under Anwar. Or byproduct of his PM-ship? Selamat pagi, Malaysia.
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emmanuelsamarathisa@esshimself·
@sybreon Yeah, I'm just annoyed it's a repeatable formula through the generations/decades.
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emmanuelsamarathisa@esshimself·
I think if we are satisfied with merely Azam Baki not being renewed as MACC chief for the fourth time, then we are truly easy to please.
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
Hey, guys. Just wanted to say sorry for yesterday’s JDT financials tweet. I was wrong. I know a good bunch of you expect better from me, and I’ll do that next time. Have a good week ahead.
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
JDT denies using public/government funds. Says while audited financial accounts do list sports council, gov grants or donations, it's merely SOP where money is channeled for various purposes. I have also deleted my original post as it doesn’t accurately represent the situation.
emmanuelsamarathisa tweet media
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
Who's going to tell this dude that JDT merch sales only brought in RM3.7 mil while ticketing only raked in RM4.9 mil. And "other income" RM7.4 mil? Bet he'll just simp without checking out the audited financials. And I'm doing free work for this guy. On brand.
Mr. Wednesday@void_segfault

@esshimself So u are telling us Nike, Hublot, Toyota, Socios, MAS & global giants combined with JDT massive merch sales & stadium assets only account for 9%? This 'math' is a fairy tale. Just bcoz you tweet a percentage doesnt make it a fact. This is peak lazy journalism to fit a narrative.

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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
@bumiwork @amirulruslan Yep. Revenue from incentives, merch, prize money, ticketing are negligible. None of these items even passed RM5 million, save for "other income" which came in at RM7.4 million.
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BumiWork
BumiWork@bumiwork·
@amirulruslan @esshimself They are not global enough to generate the revenue they require to fulfil the ambition they have. The play in Malaysian league which globally is nowhere and wont generate value from broadcasters. And yes if they cant make it others cant. The gulf is too far.
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Fawaz Kong
Fawaz Kong@liquifawaz·
@esshimself Ouch. Basically we partly fund this club.
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
@amirulruslan Only the stadium (RM200 million) was supposedly paid for by the father. But need to dig to ascertain how it was paid for. But public funding through the years have exceeded that RM200 million seed anyway.
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Amirul Ruslan
Amirul Ruslan@amirulruslan·
@esshimself Interesting, mildly surprised by this — always uncritically fell for the propaganda that it was him personally paying for it and making it a viable business through its success.
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Fawaz Kong
Fawaz Kong@liquifawaz·
@esshimself That goverment grant is from federal or state?
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Amirul Ruslan
Amirul Ruslan@amirulruslan·
@esshimself Would they be seriously in the red if it all had to be organically raised from revenue and/or a certain someone's personal funds only, nothing related to states or the institution he belongs to?
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
7/ The Bugatti is a one-of-one but the exemption regime that paid for a large part of it is very much not. End.
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emmanuelsamarathisa
emmanuelsamarathisa@esshimself·
It’s been a while since I posted something useful. So let’s talk about royal tax exemptions and I’ll use Johor Regent Tunku Ismail Idris’ (TMJ) Bugatti as a launch pad. 🧵
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