Two years ago, Cho Tae-ryong joined the Gangwon FC after working as the general manager for the Nexen Heroes. Since then, he has often been in the news for making dramatic changes to the team. In addition, his extravagant spending spree at the cost of the club’s financial health has made people question his actions. Thus, the CEO of Gangwon FC receives a 2 year ban on football activities for financial misconduct and other wrongdoings.
Moreover, the K-League disciplinary advisory group gave a two-year suspension in football-related exercises on Cho Tae-ryong and forced a 50 million won (US$44,240) fine on Gangwon.
The K League said Cho manhandled his position and endeavored to run the club for his own gain. He likewise harmed the game’s political lack of bias and discolored the group’s respect, the alliance office said.
As per the K League, Cho misused the club’s notice assets in the wake of working with a showcasing organization named M+H, the organization that Cho fills in as leader of. He additionally got 500 million won worth of motivations from the club in the wake of mishandling his casting a ballot rights at executive gatherings.
The K League said Cho gathered information on Gangwon inhabitants’ political leanings. The K League included Cho’s unfortunate activities are likewise infringing upon FIFA codes.
Gangwon said they won’t acknowledge the K League’s choice and may take the case to the court.
A History of Controversial Decisions
Cho is additionally known for an arrangement with Kangwon Land in 2017. However, the household gambling club complex in Gangwon Province, did not work out.
Gangwon said their advertising endeavors are satisfying. The club just sold 138 season tickets in 2016. However, for the 2017 season, they’ve officially sold in excess of 1,000 season tickets. However, his spending is more than the club can afford as his club’ payroll is expected to quadruple.
Gangwon were initially planning to pitch their naming rights to Kangwon Land for around 8 billion won. However, the gambling club’s top managerial staff a month ago chose to give the club just 2 billion won, indistinguishable sum from a year ago.