Lokeren files for bankruptcy

first_imgThe Belgian football league announced on Monday that Sporting Lokeren in the third division will no longer be part of the professional competitionl after the Termonde Commercial Court (Northwest) declare bankruptcy of the team and the club announced that it will not appeal the decision.“The decision of the commercial court means that, according to the statutes, Sporting Lokeren is no longer part of the Pro League and will not contest the (third category) 1B next season, “the Belgian league said in a statement.The club president had previously announced on Facebook that the team had failed to find a way to alleviate Sporting Lokeren’s 5 million debt., founded in 1970 after the merger of Standaard and Racing Lokeren. “To my deep regret and great sadness, I must announce that, despite all our efforts, we have not been able to find the necessary investors in time to satisfy the maturities,” its president, Louis De Vries, wrote on the club’s Facebook page.The club has not paid its salaries to employees and players, who stopped working on February 28 due to the stoppage of competitions due to the coronavirus, in the same way that some suppliers’ invoices had not been paid, the newspaper “Dernière Heure” noted.Sporting Lokeren twice won the Belgian Cup (2012 and 2014) and had played in the Europa League on several occasions.The club lost the first category of Belgian football in 1993, regained it three years later, and dropped again in 2016, Prelude to the fall to the third category in 2019 and the current bankruptcy.last_img

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