Tuesday, December 23, 2014

Roda’s financial situation worsens

Eerste division club Roda JC’s condition has worsened and they were put in category 1 of financial rating by KNVB after they recorded a loss of 1.2 million euros; the club announced on their website

The Dutch FA’s concerned division maintains three categories for professional clubs category 3 for being financially sound whereas category 1 means a financially hazard classification.

The club were relegated from Eredivisie last season and must now draw up a plan to cut staff costs and other relevant costs. The club must also demonstrate to KNVB that they can leave category 1 within a period of three years.

The club is in decent position for an immediate promotion to Eredivisie; sitting second 44 points six points behind current leaders NEC Nijmegen.

No comments: