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Cambuur fears bankruptcy due to missed promotion to Eredivisie | NOW

SC Cambuur fears bankruptcy, after the KNVB decided on Friday that the Leeuwarders will not be promoted. The club, which led with a big lead in the Kitchen Champion Division, was already financially geared to Eredivisie football in the coming season.

“Do I fear the survival of Cambuur? Yes,” general Gerard van den Belt said on Sunday NOS. “If we actually remain in the Kitchen Champion Division, we will go under 1.5 million euros under water. And the corona crisis is added to this, which we all suffer from.”

Cambuur, which is busy building a new stadium, already invested heavily in players last summer with the hope of promotion. A new financial injection followed in the winter break.

“We were already eight points ahead at the time,” said Van de Belt. “We have invested again to strengthen the weaknesses in the team, which would make the championship even more secure. In addition, we had to extend certain expiring contracts before 1 April. We also did that in view of the upcoming Eredivisie football.”

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