HANOI (1 Nov 2009) – Fourth Military Zone have become the second team in the V-League to be taken over a private corporation following that of The Cong.
National army team The Cong was renamed after their long-time sponsor Viettel last month while this time round, Navibank have taken over the administration of Fourth Military Zone.
“Navibank have bought the club, so the club will be called Navibank. I and all the players will also be managed by the bank,” said head coach Vu Quang Baoen.
HCMC-based Navibank will make a public announcement of the new name in Ho Chi Minh City this week.
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