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ADO Den Haag presented Tuesday the figures of the 2017/18 fiscal year. The Premier Divisionist recorded a negative operating result of 3.1 million euros. It is "much better" than the 4.5 million budgeted, reports ADO.
"Faster than expected, ADO Den Haag, thanks in large part to the large Chinese shareholder United Vansen, has taken steps towards financial recovery. Although the 2017-2018 fiscal year is still in deficit, this loss is significantly lower than that budgeted last summer, "writes ADO in a message on its own website.
"An operating result of 3 was recorded for the 2017-2018 fiscal year, 1 million negative euros. This result is in line with that of the previous year, but it is significantly higher than the budget of 4.5 million negative euros. "
United Vansen
Due to the sporting success of 2017/18 – ADO has ended seventh place at the Eredivisie – the club expects revenues continue to rise in a near future.China United Vansen, main shareholder of ADO, continues to lend a helping hand to the background.
"Despite the confidence, ADO The Hague will remain partly dependent on China's largest shareholder for the year 2019/20. He showed his willingness and promised to make the funds available. United Vansen attaches great importance to continuing to emphasize that it is a long-term shareholder of ADO Den Haag. "
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