What is the current state of affairs regarding the acquisition of ADO Den Haag? From the United States, Bob Heere, spokesperson for World Soccer Holdings, responded on Saturday on the Radio West Sport program.
How did you experience the relegation of America?
“Pity and boring. Just when you find hope again, it will be over in 45 minutes. ADO relegated Thursday after the loss at home (1-4) against Willem II. Halfway through this crucial match, he was already 0-3. “We have already assumed that ADO will go to the Premier League, but we still have hope.” Heere refers to recent victories at Feyenoord and PEC Zwolle. Unfortunately no. We are back to when we started. ‘
What about the equity recovery?
“The WHOA procedure is new and we are not sure how it works. We have been informed that the restructuring expert who guides the process will contact us. This is great, we are preparing for this. It’s up to the judge to do it by now and a week and a half. “It remains to be seen how this process will work. The role of equities in this regard is unclear. They have been confiscated, but have not yet been auctioned. Will they be treated here? It’s not clear.
The WHOA (Underhand Agreement Homologation Act) helps companies that are at risk of bankruptcy due to high debt, while they still have viable business operations. By reorganizing their debts, these businesses can continue. Until January 1, 2021, there was only agreement when all creditors and shareholders agreed. If a creditor or shareholder crosses paths, it could lead to bankruptcy. Now it is true that the parties who did not agree to the agreement can still be bound by the agreement. This is also called a mandatory settlement.
According to Heere, World Soccer Holdings must have presented a budget by June 15 and reduced ADO Den Haag’s debt to € 2 million by November 1. “Our interest is always very concrete. We see a very beautiful story. We are monitoring the process closely and taking care of the preparations on our own.
Who is behind World Soccer Holdings and how much money is there?
“A small group of people who run World Soccer Holdings on the front lines.” Dutchman Bob Heere is one of them. “He is surrounded by investors and experts who believe in our ability to make it happen.”
American Steve Demetrioui is the big man behind World Soccer Holdings. His family already owns a basketball team in the division under the NBA. “The family are very interested in football and believe in us and our network. This has been made official in recent weeks. This was in fact the case when we sent the email to ADO (in April, editor’s note). Unfortunately, the WHOA procedure was started the next day.
We don’t know enough about the club yet to know how much money it will take for the club to look good again. – Bob heere
“The private capital of this family is great and we know we have had enough. It’s about how much money it takes and how much money you are willing to invest in it. World Soccer Holdings wants to deposit € 3.6million to repay debt and € 2million to resolve the club’s serious liquidity issues. “But after that, it’s still difficult to estimate. We don’t know enough about the club yet to know how much money it takes for the club to look good again. ”
Has there been any contact with the municipality of The Hague?
“Unfortunately not between us and politics. We had actually hoped that with our offer the WHOA procedure had been postponed, so that we could discuss with the municipality what it is doing.
The municipality currently owns the ADO Den Haag stadium. “We want to invest in the stadium and take over the stadium.”
From what I understand, the municipality actually prefers nothing to do with the club. So maybe this is the best way to buy the stadium, so they are completely out of it.
Can you summarize World Soccer Holdings’ plans in a few sentences?
“For the first phase, you have to clean the house and the people in it now have to take responsibility for what happened. They have to hand over their wallets and go. Restart.’
Don’t say you’ll be back in the Premier League in a year – Bob heere
“We firmly believe that you have to build for the long term. Don’t panic buying, not saying you’ll be back in the Premier League within a year, but invest in the youth academy.
“The club has to be built from scratch”, as happened in AZ. “By investing in training, you don’t depend on mercenaries, panic buying and brokers. You want to have a healthy business model with extra money for transfers on top. ”
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