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.
FC Twente will be playing in the Eredivisie next season. The Enschede club won the appeal case against the KNVB's licensing committee and will therefore not be relegated to the Jupiler league, the Dutch football association announced on Friday
FC Twente will be playing in the Jupiler League next season instead of the Eredivisie. On Friday the court in Midden-Nederland ruled in favor of the KNVB in the lawsuit the club filed against the football association
On Tuesday FC Twente decided to refuse a proposal made by other professional clubs proposal for a compromise. The clubs, united under ECV, proposed that the Enschede club drops the lawsuit filed on Friday and opens in the Jupiler League next season, in exchange for keeping several million euros in media funds
The Tax Authorities' investigative department FIOD launched an investigation into fraud in the transfer of players at FC Twente, a spokesperson for the Public Prosecutor announced on Wednesday