FC Twente is threatening to file for bankruptcy if the Enschede city council does not stand guarantee for 7 million euros, newspaper Tubantia reported on Thursday. There is not much political willingness to stand guarantee for more money for the football club, sources told the newspaper.
financial difficulties
Mar 21 '17 15:55
An increasing number of Dutch tenants find themselves in long-term financial problems, according to a study by the Netherlands' environmental assessment agency PBL. In 2012 a total of 37 percent of tenants were barely able to pay their bills for four years in a row. In 2015 that increased to almost 55 percent, NU.nl reports.
According to the PBL, the increase in households in financial binds can partly be attributed to rising rental prices and housing costs. An influx of new households with relatively low income in the rental sector also plays a role.
Sep 16 '15 12:14
A-Film, one of the largest independent Benelux movie distributors, requested deferral of payment on Monday. The company is facing difficult market conditions and has a heavy debt burden.
May 12 '15 10:47
Somalis in the Netherlands often struggle financially. Only about one in five Somali Dutch have work and about half of them are living on benefits. The Somalis is by far the population in the Netherlands with the most problems in the labor market.
Mar 4 '15 11:37
Dutch football association KNVB will punish FC Twente for its "too ambitious" financial plan by deducting three points from the team. Twente has announced further measures to meet its budget, including taking the reserve team Jong FC Twente out of Jupiler League competition.
Feb 18 '15 10:47
Approximately one in five hospitals in the Netherlands are struggling financially. This applies in particular to smaller hospitals, whose finances are under the most pressure.
Feb 17 '15 17:35
Topshop will open the first "Topman" flagship store of continental Europe on Kalverstraat in Amsterdam on February 26th. The new Topman flagship store will open on Kalverstraat 48/52 in the premises of the old book store, de Slegte, a Topman spokesperson told NL Times.
