Antwerp Football Club Financial Struggles: President’s Efforts to Secure Fund

2024-01-12 14:02:00

Author of a wonderful Cup-Championship double last season, Antwerp is experiencing difficult times financially, according to HLN. Several invoices and end-of-year bonuses have not yet been paid.

But this Friday morning, Antwerp President Paul Gheysens announced that he had once once more put his hand in the portfolio: “At the end of last year, I increased the capital. I went as far as I might,” he explained in the columns of Tijd, referring to the limitations desired by financial fair play.

As the Nieuwsblad points out, Antwerp had already been fined for non-compliance with the rules and has been monitored more closely by the UEFA control body since then.

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This therefore prevents the Antwerp billionaire from being able to invest as much money as he would like in his club.

It was initially planned that the president would inject €47.5 million into the club. But the money coming from the Champions League and the sums recovered from outgoing transfers have made it possible to considerably reduce this sum.

With this small outing, Paul Gheysens wanted above all to reassure the club’s employees who had yet to receive money, as well as the supporters, worried since the announcement of the club’s liquidity problems. But, as the Nieuwsblad further specifies, the fact remains that Antwerp’s finances remain in the red and that the sale of several key players – Vermeeren, Keita, Ilenikhena, etc. – will be inevitable in the weeks and months to come to replenish the coffers.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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