KNVB rejects Vitesse appeal; definitively no takeover of Common Group

NOS Football•yesterday, 10:33 PM

Bad news again for Vitesse. American investor Coley Parry is definitely not allowed to take over the Arnhem club, the KNVB appeal committee has ruled. This means that the ailing Arnhem club only has ten days left to obtain the necessary 19 million euros in another way.

Vitesse is struggling with a debt worth millions and must convince the licensing committee before May 17 that it has sufficient money to compete in the Kitchen Champion Division next season. The club was deducted eighteen points by the football association due to its poor financial situation, which resulted in the club being relegated to the first division.

The association previously ruled that it had no confidence in the financial situation of Parry’s Common Group. Vitesse had hoped that the ruling would be revised on appeal. So that was rejected today.

Parry says in a first reaction to the NOS: “We have to save the club. Despite all the obstacles. I am currently the only one who can do that, but they are making it very difficult.”

During the oral hearing on Monday evening, May 6, Vitesse asked, given the exceptional circumstances in which the club finds itself, whether they could receive an abbreviated decision from the appeals committee as soon as possible.

The appeals committee complied with this by ruling within 24 hours of hearing the case.