16 Apr 2015

Sport: Solomon Islands Football looking to boost revenue

2:17 pm on 16 April 2015

The Solomon Islands Football Federation is considering entering the retail market in an effort to boost revenues and address the issue of long-term debt.

A new executive was elected last month, following 18 months under a normalisation committee.

The President, William Lai says they are still about US$760,000 in the red and the new administration has been exploring ways of bringing more money into the organisation.

"One is fundraising [and] the other is we are going to venture into commercial projects. One of them is in line - that's the sport shop. We will get the funding from OFC to get a building and start a sports shop. There's other opportunities which we will explore and work with stakeholders to ensure that we have a continuos revenue, apart from grants from FIFA and OFC or the government".

William Lai says the Solomon Islands executive plans to put more investment into the provinces and regional football and wants to be debt-free within four years.

President William Lai and fellow attendees of the 24th SIFF Congress in Honiara.

President William Lai and fellow attendees of the 24th SIFF Congress in Honiara. Photo: Solomon Islands Football Federation