Hague city council bails out football club
The Hague city council has voted in favour of a plan to save city football club ADO, relegated to the first division and hit by financial problems.
The council agreed to double the length of a €6.5m loan to the club and lower the interest rate.
Private investor Mark van der Kallen has also agreed to put €8m into the club in return for a major stake.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation