Standard’s CEO Pierre Locht Reassures Fans about Club’s Future Amid Financial Concerns

2023-09-10 18:10:00

Standard is having a complicated start to the season and it is therefore normal for supporters to be concerned. Both sportingly and financially, there are many question marks regarding the future of the club in the short and medium term. Pierre Locht, the CEO of the Liège club, wanted to reassure the fans during an interview with RTBF.

“I have the impression that today 777 Partners is a shareholder who does good for Standard and not the other way around,” explains Locht, referring to an article published in Josimar magazine, which questioned the stability financial of the group. The magazine did not hesitate to say that “the future of Standard as a professional club was in danger.”

Pierre Locht reacted to this information. “We had discussions with the supporters. They understand that 777 has already invested a lot of money in the club. The club was in danger and it is less so today thanks to this shareholder. The fact of doing part of a group, to be owned by a shareholder who owns other clubs, that gives rise to fears and concerns. It will be up to us to respond to them throughout the months and seasons to come. It is a concern that will remain and only the facts can reassure our supporters at this level.”

Situation improving

For him, the situation is improving day by day. “If we look at the facts in relation to Standard, it is 27 million investments in a little over a year, which allowed the club to continue its activities. It is a sporting situation which has improved last season. It is also a desire to continue this dynamic of sporting and financial improvement. We know that it is closely linked,” he concludes.

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