Lyngby Go Bankrupt - 12/01/02

The problems faced by clubs in smaller European countries are illustrated by the news that Denmark's FC Lyngby has gone bankrupt. The club from the suburbs of north Copenhagen were Danish champions in 1992 and are currently 10th in the twelve team Danish Superleague. However, they have faced problems ever since owner Jorn Terkelsen ended his investment in the club.

They did attempt a merger with AC Ballerup, but the deal fell through. A merger with neighbouring first division side Farum was rejected by a vote of 124 to 20 by club members. The merger would have been nothing short of a complete takeover which would have effectively extinguished Lyngby. Farum would have been able to choose a new name for the club, a new stadium venue, a new logo and new team colours.

Lyngby will become an amateur club. They will fulfill their fixtures in the Superleague, but will then drop two divisions next season.

In 2000, Lyngby entertained English Premiership club Charlton Athletic. Charlton midfielder and Danish international Claus Jensen had played for Lyngby before moving to Bolton.