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Twente to appeal against Bankruptcy verdict

10 Apr 2003

Twente have announced that they will appeal against Wednesday's verdict by an Almelo court to declare the club bankrupt after failing to pay €3.1 million Euros to Dutch tax authorities. A club spokesman said ' "FC Twente will appeal against today's bankruptcy verdict of the Almelo court." 
A spokesman for the Dutch FA (KNVB) has said that the Twente's bankruptcy will  have no effect on Twente's presence in the Eredivisie (for the time being) saying, "FC Twente have appealed and as long as that appeal has not been handled [before the end of the season] the licence to play is in the club's hands and the club will not be taken out of the competition."

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