NEWS: KNVB release financial report

Three clubs in Dutch football are in poor financial shape, the KNVB announced on Wednesday morning. Based on their interim results, ADO Den Haag, Fortuna Sittard and FC Emmen are listed in Category 1.

Clubs listed in Category 1 must work on their financial recovery and gain Category 2 status within three years. The KNVB will investigate each case and set-up a plan to clean up each club’s financial difficulties.

The report, compared with earlier this year, is a vast improvement. In January, five clubs were listed in Category 1 and were put under scrutiny by the organisation. Helmond Sport and FC Dordrecht were then also listed as being in financial danger but the clubs reported last month to now being classed in the second category. The now-defunct SC Veendam, who went bankrupt last month, is removed from the list, while FC Emmen have dropped into Category 1 from the last report.

Mark Boetekees, who is responsible for the KNVB report is pleased with the progress. “It’s good to see that clubs now realise that a good and consistent financial policy is important. They must continue to work on financial recovery to ensure that their future is secure.”

In total they are 23 of the 34 professional clubs in the safe category 2. These are: AZ, FC Den Bosch, SC Cambuur, FC Dordrecht FC Eindhoven, Excelsior, Feyenoord, De Graafschap, Helmond Sport Heracles Almelo, MVV Maastricht, NAC Breda, NEC, RKC Waalwijk Roda JC, Sparta Rotterdam, Telstar, FC Twente, FC Utrecht, Vitesse, VVV-Venlo, Willem II and PEC Zwolle.

Eight clubs are in excellent financial condition and are listed in Category 3: Ajax, Almere City FC, Go Ahead Eagles, FC Groningen, Heerenveen, FC Oss, PSV and FC Volendam.

All clubs have to submit their figures to the federation for the year 2013/14 by the next financial assessment, which will be on June 15.

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WillBurns

Click the name above to follow Will on Twitter.

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http://TotalDutch.wordpress.com

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