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Great news for FC Twente: after weeks of negotiations, the club reached an agreement with the municipality of Enschede. With the support of the municipality and the injection of a million investors, the club is not bankrupt.
This is reported TC Tubantia Tuesday night. According to the regional newspaper, there is even money for new players because about thirty companies with millions come.
It was agreed that Twente will not have to pay interest and refunds to the municipality for two years. Enschede will therefore meet the club for a total of four million euros. After the holidays, the Tukkers will work with investors, creditors and local authorities to repay the debt.
The sponsors first asked the municipality to reject an additional guarantee of seven million, but no political support. Enschede has already lent seventeen million Twente and also guarantees 8.4 million guilders. The gestggel lasted six weeks, but the sponsors have now abandoned the requirement.
The need for a guarantee would also be less, as a settlement is underway with players agent Mathias Bunge. He still has 6.3 million credits from FC Twente. This is an additional payment for the transfer of Mexico Jesus Corona
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