Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
Dutch premier league football club ADO Den Haag finally received an unpaid investment from its Chinese owner, according to a report from a Dutch news website.
Hui Wang, the owner of United Vansen International Sports, promised to invest a considerable amount of money in ADO when he completed the takeover in 2014. Nevertheless, by January 2016 he had failed to make two crucial payments totalling €3.7m and the club was facing a liquidity crisis.
However, Wang’s recent payment seems to have got things back on the right track. Last Friday, Wang told the Dutch press: "Our business relationship had a difficult start but after the good discussions of the past month we are making it clear that we will continue together. Hopefully, we can now build up this great football club in peace."
ADO director Jan Willem Wigt said on the club’s website: “I am glad United Vansen has kept its promise. We will not comment on the amount paid, but it is more than enough to give us financial security.”
Source: dutchnews
Proofread by John Devlin.
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025 12:36
Related coverage
Chinese clothing brand expands its overseas sports capitals
21 Apr 2015
First Sports raises 80-million-yuan Series A financing
17 Oct 2017
Rastar Group to increase shareholding in Espanyol
31 May 2016
Li Ruigang of CMC: CFG is a good property to invest in
02 Dec 2015
Hull City awaits Chinese takeover
25 Aug 2016
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...