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Breda council lend 4 million Euros to NAC

05 July 2002

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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