December 12 – Following the failed takeover of ADA Group, Belgian second-division club KMSK Deinze has been declared bankrupt by a local court in Ghent.
The writing had been on the wall for weeks, if not months. In November, following the departure of ACA Football Partners, an investment firm from Singapore, ADA from Luxembourg, fronted by Doudou Cissé, who previously worked in the Middle East, took over the club, promising rescue from its mounting debts.
However, deadlines were not met and the club was slapped with points deductions as well as a transfer ban. Creditors moved to sue the club and on Wednesday, and a Belgian court declared the club bankrupt.
“The information and documents provided by the claimant show that…
