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Danish Boldklub in dire financial straits
Denmark - 11 July, 2006
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Danish First Division club Boldklub are scrambling to find a backup plan after one of their main financial backers has departed.
Clive Stapleton has left the fold, and results have shown a EUR 314,000 loss for the past 11 months.
Lars Moller is heading the new board, which will try to get the club debt-free within a couple of years.
The value of shares will be slashed by EUR 576,000, and Muller and Per Nielsen will invest EUR 268,000 in the former Danish champions.
Moller, meanwhile, is unhappy with how Stapleton left the club.
"It has been difficult for us to get sponsors in because they just said, 'Well, you have a rich financial backer, you don't need our money.' But he didn't have that much money when it came down to it and stopped his payments in February," Moller told Danish news agency Ritzau.
Clive Stapleton has left the fold, and results have shown a EUR 314,000 loss for the past 11 months.
Lars Moller is heading the new board, which will try to get the club debt-free within a couple of years.
The value of shares will be slashed by EUR 576,000, and Muller and Per Nielsen will invest EUR 268,000 in the former Danish champions.
Moller, meanwhile, is unhappy with how Stapleton left the club.
"It has been difficult for us to get sponsors in because they just said, 'Well, you have a rich financial backer, you don't need our money.' But he didn't have that much money when it came down to it and stopped his payments in February," Moller told Danish news agency Ritzau.
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