Cash-strapped PSV asks Eindhoven council for help: Telegraaf

The financial situation at premier league leader PSV Eindhoven is so acute, the club has asked the city council for help, the Telegraaf reports on Tuesday.

Different scenarios are being looked at, including the sale of the stadium and a city council loan guarantee, the paper says.
A council spokesman declined to go in to the options being looked at, but did say they were in talks.
‘Of course we have a lot of contact with PSV. PSV has said during these talks that its financial situation is precarious and has asked us if we can do anything,’ spokesman Arnoud Strijbus is quoted as saying.
PSV booked a loss of €17.5m last year, following two years of failing to qualify for the Champions League. The club expects to book a further loss this season.
The Dutch football association has warned a number of times that most of the premier and first division clubs are in poor financial health.

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