Ligue 2 club Valenciennes, relegated from Ligue 1 last season after finishing 19th, are facing financial problems. Yesterday Finorpa Group, who specialise in financial aid to companies (including football clubs) in the Calais region, decided not to grant a €1 million subsidy to the club. This is another blow for the club, who have to present their plans to rescue the club’s finances in the coming days to the DNCG.
Salaries for the month of May have not been paid and the total deficit is believed to be in the region of €8m.
Ligue 2 club Valenciennes, relegated from Ligue 1 last season after finishing 19th, are facing financial problems. Yesterday Finorpa Group, who specialise in financial aid to companies (including football clubs) in the Calais region, decided not to grant a €1 million subsidy to the club. This is another blow for the club, who have to present their plans to rescue the club’s finances in the coming days to the DNCG.
Salaries for the month of May have not been paid and the total deficit is believed to be in the region of €8m.