VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
The Dutch premier league side ADO Den Haag has run into financial difficulties due to the lack of promised payments from the Chinese owner Wang Hui, according to the broadcaster Nos.
The club is now under threat with a liquidity deficit of €1.3 million, the board of the Dutch club announced recently at a press conference.
ADO waited for a long time on two crucial payments totaling €1.9 million, but Wang Hui defaulted on the payments.
“He is not responding to calls from the club and they don’t know where he is,” Nos said.
Wang, the owner of a sports marketing company United Vansen, promised to make a considerable investment in ADO when he completed the takeover for about €8 million last year. The club posted a €700,000 loss last season.
On Sunday, Dick Advocaat, who played for The Hague for seven years, made a public appeal for ADO to be taken back into Dutch hands. This demand was echoed by some local politicians, according to website Voetbal International.
Den Haag are currently 13th in the Dutch premier league.
Source: Nos
Proofread by John Devlin
Related coverage
CSIG back to Share Market after suspension
05 Dec 2016
Increase in incomes of Chinese women football players in 2016
28 Dec 2016
Le Sports secures global broadcast rights for CSL
23 Feb 2016
13th National Winter Games open in Xinjiang
21 Jan 2016
China hands over football aid to Palestine
12 Jul 2017
More from Yutang Sports
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
Yutang Sports
loading...