HOLLAND - Football club FC Twente say they will be forced to file for bankruptcy if the football association denies their last ditch appeal to avoid relegation to the Jupiler league.
The Dutch football association’s players council said last month the club should be sent down one league next season for failing to get its finances in order and will take a final decision this week.
A court has already ruled that relegation would be lawful. ‘The board has gone through all the possible scenarios with an accountant and they all show that the club will face a shortage of several tens of millions of euros if relegated,’ spokesman Marcel Wendrich is quoted as saying.
‘There would be no option other than to file for bankruptcy.’ The club has already frozen June’s salary payments and the first creditors have already come forward, the Volkskrant said on Saturday.
In March, the club withdrew its 2014-15 annual report after discovering ‘potential’ irregularities surrounding transfers.
The decision to relegate Twente means De Graafschap will remain in the Eredivisie next season despite losing the relegation battle in May.