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Cash problems cloud Michelotti's future

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THE future of Hongkong First Division club Michelotti is in doubt because of financial difficulties.

Michelotti, who are in their second season in the league and stand second in the table, have fallen behind in paying the players their wages.

But the management have informed the players that they intend to stick it out until the end of the season in the hope of finding a new backer.

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The club's Italian sponsors, Michelotti, manufacture watches and sports goods.

The team finished eighth of 10 in the top flight in their first season in local football and went into this season with a budget of around $4.5 million - half the amount of the league's biggest spenders, Ernest Borel.

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But problems for the company, as well as secondary sponsors Stunt, have meant a delay in the monthly payment of wages.

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