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The 1998 Thai Premier League consisted of 12 teams .. Thai Premier League. Thai Premier League. The bottom club would be relegated to the Thailand Division 1 League .. Thailand Division 1 League. Thailand Division 1 League. The club that came 11th would play in a relegation  /  promotion match against the club that came second in the Thailand Division 1 League. Thailand Division 1 League. Thailand Division 1 League. Defending Champions Royal Thai Air Force should have entered the next edition of the Asian Club Championship , but refused due to lack of funding .. Royal Thai Air Force. Royal Thai Air Force FC. Asian Club Championship. Asian Club Championship. BEC Tero Sasana took their place .. BEC Tero Sasana. BEC Tero Sasana FC. The league was also known as the Caltex Premier League .