Vitesse Makes Progress Towards Retaining Professional License amid Dispute with American Investor

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NOS Voetbal•vandaag, 21:10

Vitesse thinks it can take an important step with a view to retaining the professional license. According to the Arnhem club, there is good hope that Coley Parry will waive his claim on the shares of the relegated player from the Premier League.

The American investor Parry and his Common Group make a completely different statement to the NOS. According to them, the ball is in Vitesse’s court, which would operate very slowly in the matter.

‘Breakthrough’

Vitesse is struggling with a debt of around 19 million euros and must convince the licensing committee before May 17 that it has sufficient money to compete in the Kitchen Champion Division next season. The Arnhem club held a press conference at Papendal this evening to announce that there is good hope for a quick solution with Parry.

“There has been a breakthrough in the talks,” said interim director Edwin Reijntjes of the Arnhem club. “We expect to be able to release something about it very soon. We are not there yet, but things are going in the right direction. We reasonably agree on the conditions, but it still has to be fully recorded.”

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According to Reijntjes, Parry would be willing to donate his shares to a foundation called ‘Vitesse voor Altijd’. Parry reacts surprised to NOS. “We agreed on that plan weeks ago, I have always contributed to it. We just have to wait until the club gets it done.”

According to Parry, Vitesse is not only slow, the club would also unfairly want to shift the blame for this to him. “The Common Group is open to the interim solution of transferring the shares to the foundation and is still awaiting the documents.”

Russian owner

It is important for Vitesse to be able to transfer the shares to the foundation, because the club can then finally end its ties with Russian owner Valeri Oyf. A farewell to the Russian is an important demand from the independent licensing committee of the KNVB. Because with Oyf as owner, ING wants to close Vitesse’s account and an accounting firm cannot approve the club’s annual accounts.

Parry is said to still be owed 14 million euros from Vitesse, which received 18 penalty points from the KNVB due to financial mismanagement, which sealed the relegation. A crowdfunding campaign by Vitesse has already raised more than 1 million euros.

In a statement, the Common Group said that it is confident that the KNVB will approve the transfer of the shares to the ‘Vitesse voor Altijd’ foundation. Parry is willing to invest 20 million in Vitesse and pay outstanding debts, provided the professional license is retained.

2024-05-06 19:10:56
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