Home » GER M: DVL supports VC WIESBADEN

GER M: DVL supports VC WIESBADEN

by WoV
source: volleyball.de

Yesterday, the message became public that VC WIESBADEN is in existential difficulties. Now the German Volleyball League (DLV) responded and announced that they plan to institute insolvency proceedings and want to support the club. VC will continue to participate in the licensing process for the upcoming season.

VC-WIESBADEN

VC WIESBADEN

The DVL chairman Michael Evers said: “The DVL Board has great confidence in the club’s management. The club has made exemplary efforts in recent years.

WIESBADEN is an important site for the Women’s Bundesliga. This was rewarded by reaching the Cup final and by climing the third place in the championship. Financial problems became too large due to total failure of a main sponsor.

VC WIESBADEN’s board does not intend to claim bankruptcy in the classical sense. Such a method makes it possible to eliminate the causes of insolvency, with the approval of a majority of creditors. The plan should provide for a partial repayment of the debt in adopting the remaining debt.

To read more news from this competition click on Germany.

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