Marselino and Ilhan’s Former Club Deinze Declared BANKRUPT – Football Tribe Asia

Belgian second-division football club KMSK Deinze, the former club of Indonesia international Marselino Ferdinan and Singapore wonderkid Ilhan Fandi, has been declared bankrupt by a Ghent court, following a series of failed takeovers and financial mismanagement. The club’s financial troubles began after the departure of Singapore-based investment firm ACA Football Partners. Subsequently, Luxembourg’s ADA Group,…

German air taxi start-up Volocopter files for insolvency

(Reuters) – Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations. The Mercedes-Benz and Honeywell-backed company plans to continue business operations during the insolvency proceedings while seeking additional funding. “Despite recent intensive fundraising efforts, finding a viable solution to maintain regular operations…