Madam Pang takes action, the Football Association of Thailand receives great news at the start of 2026

Due to her outstanding negotiation abilities, Chairwoman Nualphan Lamsam (Madam Pang) assisted the Football Association of Thailand (FAT) in settling almost the entire enormous debt of 300 billion VND, pulling the organization back from the edge of insolvency.

Following the ruling by the Supreme Court of Thailand in March 2025, the Football Association of Thailand (FAT) was ordered to compensate Siam Sport with 360 million baht, along with interest amounting to about 200 million baht accrued since 2016. The total sum reached 560 million baht, equivalent to nearly 470 billion VND, becoming the biggest financial burden in the organization’s history.

The issue originated in 2016 when the previous leadership, headed by Somyot Poompanmoung, unilaterally terminated the Thai League broadcasting rights contract with Siam Sport. After nearly a decade of disputes, FAT was forced to pay compensation, while Siam Sport had to return 240 million baht to TrueVisions following a related ruling.

Upon taking over as FAT Chairwoman in 2024, Nualphan Lamsam, commonly known as Madam Pang, faced enormous financial pressure. In March 2025, she was moved to tears when publicly revealing the debt figures. However, instead of retreating, Madam Pang quickly negotiated with Siam Sport and TrueVisions to find ways to minimize losses.

The negotiation was a turning point. Both partners agreed to forgo additional interest for the sake of Thai football. Under the new agreement, FAT took responsibility for paying 240 million baht to TrueVisions on behalf of Siam Sport. As a result, FAT’s direct liability to Siam Sport was reduced to 120 million baht.

To date, FAT has paid 105 million baht and only has the final 15 million baht remaining, expected to be completed by March 2026. Simultaneously, the long-term installment payments to TrueVisions have also been implemented on an interest-free schedule.

Thus, within less than a year, the majority of the debt once deemed “irreparable” has been resolved. Thai media widely acknowledged Madam Pang’s efforts. One newspaper commented that she had “weathered a debt storm she did not cause.” On the Pantip forum, fans expressed sympathy: “It’s unfortunate for Madam Pang. She is innocent in this matter but has devoted everything to repaying the debt.”

Besides managing the financial crisis, FAT still secured a Thai League broadcasting rights contract worth 2 billion baht for the 2025-2029 period and maintained subsidies for clubs. This shows the organization is not only focused on debt repayment but also ensuring long-term development.

Although the Thai national team has not achieved remarkable results on the field recently, the financial arrangement success enables FAT to enter 2026 with a lighter burden. With the remaining debt minimal, the nearly decade-long broadcasting rights crisis is gradually coming to an end.