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Final whistle for Ernest Borel squad

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ERNEST Borel have pulled out of Hongkong football after spending about HK$25 million and winning two trophies during their three seasons in the First Division.

The management of the Kwai Chung-based Swiss watch manufacturing company made the announcement at Mongkok Stadium yesterday, shortly after the team were beaten 1-0 by Eastern in the Hongkong FA Cup final.

The company will redirect millions of dollars earmarked on the football club over the next two years into motor racing at the Macau Grand Prix and into sports promotions in China, the site of increasingly extensive business.

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The scenes on the pitch and in the dressing room after yesterday's game were in stark contrast to last season, when Borel celebrated their second trophy of the year after beating Instant-Dict 1-0.

The announcement came as a shock to some of the players and officials but was expected by others.

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Borel chairman Thomas Tang Kwok-wah said: ''I feel sad and sorry the club has to quit but this is what the world of commerce is all about.

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