Veendam football club declared bankrupt

Veendam football club has become the second professional Dutch club to be declared bankrupt this season, after failing to find a backer to cover its debts.


The bankruptcy means there is a vacancy in the first division, but it is unclear which club will be promoted, news agency ANP said.
Veendam FC was founded in 1894, making it one of the oldest Dutch clubs.
TV rights
First division side Haarlem was declared bankrupt earlier this year. At the start of the 2009/2010 season, the Netherlands had 38 professional football clubs, 18 in the premier division and 20 in the first division.
Last month, a football association commission said urgent steps need to be taken to stop a number of professional football clubs going bankrupt.
Last year, the clubs lost tens of millions of euros, thanks to the recession and downturn in sponsorship. Clubs also raised less money from transfers and tv rights.

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