CLUB STATEMENT

“The majority of football clubs in Belgian football have an operational deficit and tight liquidity. KV Oostende is in a similar situation. 

The board has taken note of the news that was brought out yesterday by DPG Media Group. We want to assure all sponsors, fans, suppliers and other stakeholders of the club that this information is incomplete. There is no financial mismanagement but a situation of undercapitalization, which we are rectifying in the short term and to comply with our license application.

We want to make it clear that the ownership group remains dedicated to supporting and stabilizing the club and to obtain a license for the 2023-24 professional football season.

We would also like to point out that all players and employees that work for the club have always been properly paid and that the club has successfully passed all monthly intermediate follow up by the license department and intends to keep on doing so. We are aware there are several outstanding suppliers and we intend to on very short term come with a solution to take care of this situation.”

Board of Directors KV Oostende