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| Breda
council lend 4 million Euros to NAC |
05 July 2002
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| Breda's
municipal council have given the go-ahead to lend NAC €4.2 million Euros
to help the club qualify for a new professional licence for next season.
The lifeline comes with stringent preconditions, namely that the club have
to scale down their expenses and maintain a healthy financial management.
The full scale of the measures will only become clear when accountants
Ernst and Young have presented their 'rescue-plan' and a definitive 'yes
or no' will come at the end of September. It remains to be seen whether
the Dutch FA (KNVB) will be sufficiently satisfied with these proposals to
grant the club a new licence in time for the start of the new season.
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