ADO Den Haag will face major shareholder United Vansen in court on April 22, the club announced through official channels. The club from the Hofstad believes it is still entitled to two million euros and hope to be able to get this through a lawsuit from the Chinese. It runs according to Football International a dispute over a liquidity guarantee, whereby under the regulations of the licensing commission, every major shareholder must guarantee a club’s deficits at the start of the season.
“It is an unpleasant development, but ADO Den Haag feels compelled to take this legal step in the interest of the club. It is essential for the financial situation that the agreed payment agreements will still be fulfilled”, ADO writes. a communiqué. The club writes that ‘failed payment agreements’ are the basis of the legal procedure.
According to the liquidity guarantee, United Vansen should guarantee ADO’s deficits, which amount to two million euros. No money has really been transferred from China yet, which means that the club is already in financial trouble this season. United Vansen must be forced to transfer two million euros in summary proceedings.
Meanwhile, United Vansen is working hard to get rid of ADO and the Chinese are trying to pass on the liquidity guarantee that is currently being bogged down to an interested party. An agreement was reached with Cosinus Group Capital Partners last week, but the acquisition of the Swiss investment company bounced after yet another payment term had expired.
Now Pacific Media Group would be ADO’s “main interlocutor”. The Americans previously spoke with FC Den Bosch about a takeover and also have shares in Barnsley, KV Oostende and AS Nancy. A possible new owner must seriously take into account that ADO will act a level lower next season. The team of trainer Ruud Brood currently occupies the last place in the Eredivisie, with six points behind the post-competition spot that is currently in the hands of VVV-Venlo.
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