A Special General Meeting of the Kathmanu-based football club decided to opt out of the football citing huge debt of the club to be repaid. [break]
According to Binaya Pradhan, General Secretary of the club, of the 43 general members, a total of 34 members voted for discontinuing the football for the time being. However, 9 members voted against it in the meeting.
According to Pradhan, the eighty year-old club is to pay credit of Rs.14 million which they recurred due to ever increasing expenses while playing football.
The club said that they are forced to come into such decision as both the tasks of repaying the debt and playing the football cannot be done simultaneously.
NRT club, who had won many prestigious tournaments in past, finished in the fifth position in this year’s Red Bull A Division Football League.
NRT was established in 1991 BS (1934 AD).
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