Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
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
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Chinese investor buys into Timberwolves
28 Jun 2016
Sina Sports to report China Basketball Summit 2015
23 Nov 2015
Cultural reform as Chinese buy historic French club
17 Apr 2015
Dwyane Wade launches his own wine label in China
24 Jul 2015
Linglong Tire in Thai sponsorship deal
27 Feb 2016
More from Yutang Sports
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Yutang Sports
loading...