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Way forward for Vitesse much more beneath strain: American investor withdraws

ANPTappointment for Giovanni van Zwam

NOS Voetbal•yesterday, 09:58•Adjusted yesterday, 21:17

A serious setback for Vitesse on deadline day Monday night: one of many two doable buyers has dropped out. It’s an American social gathering. A Dutch social gathering remains to be available in the market to avoid wasting the membership.

On Monday night at midnight, Vitesse needed to submit a balanced price range to the KNVB. Ensures additionally needed to be given. The paperwork submitted for the price range will not be complete sufficient, Vitesse now is aware of.

Which means that the KNVB licensing committee will probably revoke the license. In consequence, Vitesse can not play skilled soccer.

“Till final evening, there appeared to be an settlement in define. Attributable to varied circumstances, together with the tough negotiations with Coley Parry and uncertainties concerning the license, the meant proprietor dropped out of the takeover course of,” Vitesse mentioned on Tuesday night.

The withdrawal of the American social gathering was fairly abrupt, which means that the membership out of the blue needed to make each effort on Monday night.

‘On the lookout for different choices’

Within the meantime, Vitesse is in search of methods to avoid wasting the membership from collapse. “All choices are on the desk. We’re in discussions with an Dutch social gathering and we’re additionally whether or not we are able to increase funds independently in trade for securities (collateral, for instance). All assist with that is welcome,” says interim director Edwin Reijntjes.

ANPColey Parry

The buyers who had come ahead didn’t wish to take over Vitesse’s complete debt, round 19 million. A big a part of this, 14.3 million euros, is a mortgage from the American Coley Parry.

Large debt

Parry beforehand wished to take over the membership, however didn’t obtain permission from the KNVB.

Vitesse and Parry are nonetheless in discussions a few resolution for that debt. No settlement has but been reached on this.

It now seems that the KNVB licensing committee will resolve to remove the license, however that doesn’t essentially must be an issue. Vitesse can nonetheless enchantment in opposition to this and may also go to the civil courtroom.

The Arnhem membership can use that point to achieve an settlement with Parry and thus meet the situations of the KNVB.

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